Intrepidation

GM ready to let Opel go for free?

101 posts in this topic

gm_opel_deal.jpg

General Motors wants out of Opel, and according to new reports, it is willing to let the German automaker go without receiving any money for it. The only requirement is that the buyer must inject €500 million (around $652M USD) into Opel for operations. While GM CEO Fritz Henderson has said there are six serious investors in discussions for Opel, and that a deal should be done by early May, the fact that GM has said "if you pay the bills you can have it" indicates that GM is ready to work with anyone who's willing to sign.

Making a deal would not only free GM of Opel's current burdens, but the obligations it would have if Opel shuts down under its watch. Another outlet is reporting that Opel sold a range of technologies to GM in 2005 for which it's still owed hundreds of millions of dollars. If GM returned the patents (currently held by the U.S. government), then GM could lower its debt load and Opel would get an asset with which it could secure alternate financing.

Autoblog

0

Share this post


Link to post
Share on other sites

Pretty strong statement, since they claim to have offers that actually involve money for Saab, Saturn, and Hummer.

0

Share this post


Link to post
Share on other sites
Seeya, Opel... don't let the door hit you on the way out.

If only PCS were still there, they might get a couple hundy more for it :)

0

Share this post


Link to post
Share on other sites
Seeya, Opel... don't let the door hit you on the way out.

:deathwatch: Agreed.

0

Share this post


Link to post
Share on other sites

Hang on, I think I missed the part where Opel totally screwed over GM and I'm wondering why everyone now hates them.

0

Share this post


Link to post
Share on other sites
As much as I hate Opel I don't think this is a wise move. Without Opel global GM is dead.

Not really...the biggest reason for GME's "turnaround" was not Opel, but GMDAT-sourced Chevies.

0

Share this post


Link to post
Share on other sites
GM has never really gotten to a true "global" level anyway, and Opel is a boat anchor.

Not entirely.

Wasn't GME behind the suspension tuning of the revised Cobalt SS? Also the Insignia looks to be a real winner.

The problem Isn't Opel per say, but people throughout the company in high positions that try yo make whatever brand they're in charge or more important. Instead of trying to kill other brands, they should be working together and using each division's strengths to benefit the company as a whole.

0

Share this post


Link to post
Share on other sites
Not entirely.

Wasn't GME behind the suspension tuning of the revised Cobalt SS? Also the Insignia looks to be a real winner.

The problem Isn't Opel per say, but people throughout the company in high positions that try yo make whatever brand they're in charge or more important. Instead of trying to kill other brands, they should be working together and using each division's strengths to benefit the company as a whole.

One of the main reasons why I call it a boat anchor, with the other being it is way too tied up in German national pride to really act like part of GM.

Good riddance to bad rubbish, I say.

0

Share this post


Link to post
Share on other sites
Hang on, I think I missed the part where Opel totally screwed over GM and I'm wondering why everyone now hates them.

It's the attitude that they are so much better than GMNA or Holden or GMDAT. Up until very recently Opel has been an also ran in Europe with about as much brand cache as Skoda. They come up with the Vectra(epsilon) and the Astra and BAM they think they are gods gift to GM. Supposedly we are to forget about stuff like the Omega(Catera) and old Vectra(Saturn LS) and Kadett (Chevette). We're supposed to turn away from excellent platforms from Holden for no reasons Opel cares to explain. We're supposed to fawn over the Insignia, which I'll admit is a very nice car, but it's no Lacrosse.

0

Share this post


Link to post
Share on other sites

I don't like Opel trust me, but what about all the great platforms Ep I, Ep II and all the great things we get from GME. Like the new Malibu in such, I could care less about Opel but don't want to loose all the good technology along with it. I guess my fear is and someone please chime in is GM will loose lots of innovative things that came from Opel and have an even harder time trying to keep up with Japan Inc, (I am speaking only of volume FWD'ers). So Camino, DF and any of you that understand it better than me will it really hurt them? Hurt there volume FWD products the Malibu, LaX, G6 etc? And the up coming Chevy Cruze? Personally I think Opel gone is great, but good things for GMNA have come from Opel... So it is good or bad?

Edited by gm4life
0

Share this post


Link to post
Share on other sites
Not entirely.

Wasn't GME behind the suspension tuning of the revised Cobalt SS? Also the Insignia looks to be a real winner.

The problem Isn't Opel per say, but people throughout the company in high positions that try yo make whatever brand they're in charge or more important. Instead of trying to kill other brands, they should be working together and using each division's strengths to benefit the company as a whole.

It's almost as if the "GM tribalism" was more present in GME than GMNA (Which might explain why it had it's meltdown and subsequent bailout a few years ago.

All politics aside, I'm just not excited about GM "giving up" that much presence across the globe. It can't be good and in this economy and as much as americans hate GM, the corporation must be global to survive.

I must admit though... It would be nice to see a lot of car development come back to the U.S. And it would be even nicer to see GM's 6 global brands (The NA 5 + Holden) sweep across the globe. I bet it would rally the troops here as well if GM did a "Made in America" campaign.

Edited by FUTURE_OF_GM
0

Share this post


Link to post
Share on other sites
It's the attitude that they are so much better than GMNA or Holden or GMDAT. Up until very recently Opel has been an also ran in Europe with about as much brand cache as Skoda.

They ARE STILL an also ran, for all intents and purposes...

The new product is excellent, but it's going to take time to gain traction (Just like with all of the "damaged" NA brands)

Not to mention, technically GME was the FIRST part of GM to meltdown. So the 'holier than thou' attitude is just ridiculous.

They come up with the Vectra(epsilon) and the Astra and BAM they think they are gods gift to GM. Supposedly we are to forget about stuff like the Omega(Catera) and old Vectra(Saturn LS) and Kadett (Chevette). We're supposed to turn away from excellent platforms from Holden for no reasons Opel cares to explain. We're supposed to fawn over the Insignia, which I'll admit is a very nice car, but it's no Lacrosse.

The Insignia is SOOO HOT!!!! (Back in 2002)

0

Share this post


Link to post
Share on other sites

Personally GM can return the Patents and keep the right to continue to use the technology in their cars for free. This is one of those issues of how they manuver the rights of use.

Over all I see nothing bad by letting them unload Opel to become a individual company and some new owner to deal with the Union Crap of Europe.

Then GM can focuse the higher quality platforms from Holden into their global franchise of high quality Auto's.

0

Share this post


Link to post
Share on other sites
I must admit though... It would be nice to see a lot of car development come back to the U.S. And it would be even nicer to see GM's 6 global brands (The NA 5 + Holden) sweep across the globe. I bet it would rally the troops here as well if GM did a "Made in America" campaign.

Yeah I would like the NA 5 + Holden idea, if this helps secure GM's future go ahead. Now Pontiac could actually get some Holdens! Hmm good could come of this... :scratchchin:

0

Share this post


Link to post
Share on other sites
They ARE STILL an also ran, for all intents and purposes...

Not as much anymore... at least not in Europe. The Corsa, Astra and Vectra are fairly popular and if nothing else, well respected. However, ask a non-enthusiast German what they think of Opel and they'll tell you that the new ones are great but the old ones were terrible. Opel is/was pulling off a VW or Nissan style renessance over there..... pity it only really mattered in Western Europe.

The recent Opels we got here are fine as Opels but not great as Saturns. If you look at what they did with Saturn it's just Oldsmobile part zwei.

1. Change all the names (Cutlass Surpeme->Intrigue, Toronado/Ninety Eight->Aurora, Cutlass->Alero) v. (SL/SC -> Ion -> Astra, LS -> Aura)

2. Change the target market (Midmarket cushy cruisers to midmarket sportish cars) v. (basic, fuel efficient, dent free transportation -> SUVs, Roadsters, and mid-pack MPG sedans/hatches)

3. Attempt to move up market (Aurora and Intrigue trying to move into Infiniti and Lexus territory) v. (a brand that 10 years ago maxed out at $20k now only 1 vehicle bases under 20k, most base around 24k, two base above 27k and can be optioned up to around 40k)

0

Share this post


Link to post
Share on other sites
It's almost as if the "GM tribalism" was more present in GME than GMNA (Which might explain why it had it's meltdown and subsequent bailout a few years ago.

All politics aside, I'm just not excited about GM "giving up" that much presence across the globe. It can't be good and in this economy and as much as americans hate GM, the corporation must be global to survive.

I must admit though... It would be nice to see a lot of car development come back to the U.S. And it would be even nicer to see GM's 6 global brands (The NA 5 + Holden) sweep across the globe. I bet it would rally the troops here as well if GM did a "Made in America" campaign.

GM isn't really giving up presence... they are just shedding redundant brands :AH-HA_wink: Chevy is growing rather well in Europe.

0

Share this post


Link to post
Share on other sites

Your content will need to be approved by a moderator

Guest
You are commenting as a guest. If you have an account, please sign in.
Reply to this topic...

×   You have pasted content with formatting.   Remove formatting

×   Your link has been automatically embedded.   Display as a link instead

Loading...