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Sberbank CEO, German Gref, says his company is prepared to bring litigation against GM after it backed out of selling its German arm, Opel, to the Magna-Sberbank consortium. Emphasising that Sberbank hopes to avoid a lawsuit,...
Magna and Sberbank want their money back. Everything they had so far invested into Opel needs to come back from GM, says Das Autohaus in Germany.” We are in negotiations with GM and we hope that we don’t have to go to court “,...
Berlin - German Chancellor Angela Merkel lashed out Tuesday at giant US carmaker General Motors, saying it would have to bear most of the cost of restructuring its troubled European Opel offshoot. Speaking to parliament, Merkel...
FRANKFURT, Nov 8 (Reuters) - Opel's top German labour leader said on Sunday he was willing to hold negotiations over a restructuring of the European carmaker under its parent General Motors so long as it gains greater...
Germany's Economic Minister today branded a decision by America's General Motors (GM) to scrap the sale of its European business as "totally unacceptable." Rainer Bruederle condemned the car giant's eleventh-hour U-turn on the...
GiNN-BerlinKontor.—Die Nachricht aus Detroit war kurz und bündig: “General Motors Co.’s board of directors Tuesday (Nov.03) voted to keep its German carmaker, Adam Opel GmbH, instead of selling it to Canada’s Magna...
Russian oligarch Oleg Deripaska meets with Fritz Henderson, German Gref of Russia’s Sberbank and Siegfried Wolf of Magna. The state department had previously denied Deripaska a US visa for undisclosed reasons, but according to...
LONDON/GRAZ, AUSTRIA: Ford Motor Co chose China's Geely as preferred bidder for Volvo Cars while Magna said it still hoped to clinch a deal to buy a majority stake in Opel from GM after a board meeting on November 3 The...
GRAZ, Austria (Reuters) - Top officials from Magna and Opel expressed confidence on Wednesday that General Motors will go through with selling its European arm to Canada's Magna despite a second chance to review the deal.
LONDON/GRAZ, Austria (Reuters) - Ford Motor Co chose China's Geely <0175.HK> as preferred bidder for Volvo Cars while Magna said it still hoped to clinch a deal to buy a majority stake in Opel from GM after a board meeting on...
