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NINETY EIGHT REGENCY

Opel platforms, politics and gas

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On Thursday, German government sources were spinning a story about the long, drawn-out, sale of Opel/Vauxhall. It told Bloomberg that GM ‘resistance’ to a deal that would see Magna take the company over ‘was crumbling’.

The German government is very keen to see Opel – which has been propped up with 1.5bn Euros in state ‘bridge funding’ – sold to a consortium led by Canadian automotive company Magna. Magna, however, is also heavily backed by a Russian interests, including Sberbank.

General Motors, however, is not very keen to see Opel/Vauxhall and all the company’s newest technology sold away to predominately Russian interests.

More at link:

http://www.autocar.co.uk/blogs/autocarconf...cs-and-gas.aspx

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Run the company into bankruptcy and tell Germany to F**k off.

If Chevrolet is executed correctly in Europe, Opel is a redundant brand anyway (unless they want to move up market, but then GM needs to get its hands out of Saab if thats the case)

Looks like Germany is starting to take on american characteristics.. Instead of standing on their own and securing their nation, they're trying to whore themselves out (Like we have done to Japan, China and Mexico) to postpone the inevitable. Russia will eventually be the stronger country. Just as China (is) will be a stronger country and economy than us.

Edited by FUTURE_OF_GM
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Run the company into bankruptcy and tell Germany to F**k off.

If Chevrolet is executed correctly in Europe, Opel is a redundant brand anyway (unless they want to move up market, but then GM needs to get its hands out of Saab if thats the case)

Chevy in Europe is just cheap Daewoo crap, though. Opel is more mid-market.

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Run the company into bankruptcy and tell Germany to F**k off.

If Chevrolet is executed correctly in Europe, Opel is a redundant brand anyway (unless they want to move up market, but then GM needs to get its hands out of Saab if thats the case)

Chevy in Europe is not even close to matching Opel's marketshare, and given that European are more loyal to their own auto brands than Americans are, it probably never will. And believe me, that's going to be a lot of marketshare for GM to lose. And like Cubical said, Chevy is just rebadged Daewoos.

Edited by THTom
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