Can GM get back into Opel?

[NINETY EIGHT REGENCY]

RHJ International, a bidder for Opel, told a German newspaper it might consider selling Opel back to GM after it does its private equity triage on the European carmaker. “Let us be pragmatic. It won’t work without General Motors,” Leonhard Fischer, RHJ’s CEO, told Frankfurter Allgemeine Sonntagszeitung. It reported Fischer was explicitly not ruling out the option of selling Opel to GM after RHJ had completed its restructuring of the ailing carmaker.

More at the link:

http://blogs.reuters.com/reuters-dealzone/...back-into-opel/

[regfootball]

thums up. GM and Opel need to coexist. they are each toast without each other.

[ZL-1]

RHJ International, a bidder for Opel, told a German newspaper it might consider selling Opel back to GM after it does its private equity triage on the European carmaker. “Let us be pragmatic. It won’t work without General Motors,” Leonhard Fischer, RHJ’s CEO, told Frankfurter Allgemeine Sonntagszeitung. It reported Fischer was explicitly not ruling out the option of selling Opel to GM after RHJ had completed its restructuring of the ailing carmaker.

More at the link:

http://blogs.reuters.com/reuters-dealzone/...back-into-opel/

German government doesn't want it because they got caught in the anti-GM BS... but there are ways to do it anyway :AH-HA_wink:

[FAPTurbo]

No way, it's much better in Magna's hands.

[Croc]

No way, it's much better in Magna's hands.

Only for Canada, not for GM.

[turbo200]

German government doesn't want it because they got caught in the anti-GM BS... but there are ways to do it anyway :AH-HA_wink:

I hope so. from a non-expert pov, Opel needs economies of scale [so does GM], and GM should stay a world presence. it's better to keep the brand presence than to have to build someone new up [whilst still reworking NA lineups].

[ZL-1]

I hope so. from a non-expert pov, Opel needs economies of scale [so does GM], and GM should stay a world presence. it's better to keep the brand presence than to have to build someone new up [whilst still reworking NA lineups].

I agree, and I think Opel will remain with GM. I'd even see GM retaining a 10% or 20% stake in SAAB so they can lobby the SAAB board for systems/platform sharing...

Let's see what the German Government's position is after this year's elections. Elections is the key word for me in this whole Opel story. :AH-HA_wink:

Edited July 29, 2009 by ZL-1

[Z-06]

I agree, and I think Opel will remain with GM. I'd even see GM retaining a 10% or 20% stake in SAAB so they can lobby the SAAB board for systems/platform sharing...

Let's see what the German Government's position is after this year's elections. Elections is the key word for me in this whole Opel story. :AH-HA_wink:

Last I heard was GM holding 30 or 35% SAAB.

GM cannot get rid of Opel given the amount of investment it has put in it recently. Yes it is the political BS going on there, Merkel will let the issue be on harbinger till the election and then the dice will roll fast.

[FUTURE_OF_GM]

As far as I'm concerned what happens isn't up to the Merkel anyway, so the debate is moot.

If GM wants to buy their operations back from RHJ, it'll happen one way or another. Not to mention, merkel will probably be long gone by then anyway.

[Z-06]

As far as I'm concerned what happens isn't up to the Merkel anyway, so the debate is moot.

If GM wants to buy their operations back from RHJ, it'll happen one way or another. Not to mention, merkel will probably be long gone by then anyway.

It is up to Merkel or whoever gets elected up to a certain extent, if the sale gets dragged past the elections because Germany is going to loan Opel about 5-6 B Euros and German ministers think GM cannot do a better job with that money.

[FUTURE_OF_GM]

It is up to Merkel or whoever gets elected up to a certain extent, if the sale gets dragged past the elections because Germany is going to loan Opel about 5-6 B Euros and German ministers think GM cannot do a better job with that money.

I still think it's out of their control, depending on how shady RHJ and GM want to get

[67impss]

Opel has still not received the loan guarantees yet?

So Germany is trying to control the sale with the carrot (5-6b e)

I don't even pretend to understand German socialist law, is this possible that the German Gov. could block the sale to G.M.'s preferred bidder?

PCS do you or another insider have any input/incite on the matter?

While I'm not the proto Opel fan, they have developed the Saab platforms and a real abet smallish wagon that maybe GM could build for the NA market (if they get they're head out their @$$

[regfootball]

Germany= too many automakers. Time to purge a few.