Commentaries

Will GM pick a German to run GM Europe?

November 6, 2009

OPEL/It looks as though General Motors will soon be looking for a new executive to run GM Europe, which includes its troubled Opel unit.

Lower Opel costs to help government aid

November 6, 2009

General Motors’ decision to scrap the sale of Opel rests on the carmaker’s calculation that the hole in its European unit’s finances is not as deep as previously feared.

from Rolfe Winkler:

Sheila throws GMAC a bone

October 28, 2009

GMAC sold more FDIC-backed debt today... (Reuters)

General Motors Acceptance Corp on Wednesday sold $2.9 billion in three-year government-guaranteed notes, according to a market source familiar with the sale. The 1.75 percent notes were priced at 99.991 to yield 1.753 percent, or 31.6 basis points over comparable U.S. Treasuries.

Commercial real estate death watch – Capmark

October 13, 2009

What do you get when you put a U.S. automaker, a leveraged buyout and commercial real estate together – a soon-to-be bankrupt company. Caroline Humer of Reuters reports that that Capmark – formerly the commercial real estate business of GM financing arm GMAC – is teetering on the brink of bankruptcy, with the final blow coming possibly by the end of next week?

Germany will have to change Opel deal after election

By Paul Taylor
September 24, 2009

opelanerIt looks increasingly clear that Germany will have to change its deal to aid carmaker Opel once Sunday’s general election is out of the way.

China picks European cars off scrapheap

September 17, 2009

GERMANY/Chinese carmakers are seeking to step into the gaps left by U.S. companies in Europe — but while acquisitions may give them access to badly-needed technical know-how, global brands and exposure to new markets, the question is whether they have learnt from past failures.

Can Magna keep its model juggling act with Opel?

September 11, 2009

OPEL/Cries from Volkswagen about pulling its business from Magna if the Canadian car parts maker ended up owning a stake in GM’s former European unit Opel ring somewhat hollow given the success Magna has had in juggling its customers’ different needs so far.

Not the final word in GM’s Magnum Opel

September 10, 2009

GM-OPEL/So German Chancellor Angela Merkel has got her way. After months of pressure from the German government, General Motors has finally caved in and agreed to sell a majority stake in Opel to Canadian car parts maker Magna and Russian backer Sberbank.

Saab and Volvo – made in China?

September 9, 2009

SWEDEN/At this rate it might not be long before Sweden’s once mighty Volvo and Saab car marques come with “Made in China” stamped on the chassis.

Saab to Koenigsegg – another go slow GM sale

September 7, 2009

AUTOS SWEDEN KOENIGSEGGGeneral Motors doesn’t do deals in a hurry — at least when it is selling.