I have several articles about the fiasco that GM made in Germany over the sale of its division Opel. Now GM is trying to continue the fiasco and play games with Germany. This is months after saying that GM will keep Opel and can make it better. Hummmm... General Motors Europe on Tuesday finally announced the details of its plan to restructure German car-maker Opel. In addition to thousands of job cuts, GM wants 2.7 billion euros from European governments. Opposition to the plan is building... Full Story

I have watched this deal collapse and watched the sneaky underhanded dealings of GM in these parts of the world. The deal collapsed November 3rd, 2009. Just two days before the final draft was to be signed. I have written before about how pathetic of a company the GM has become in America and now they show the world what they are really made of by backing out on a deal that Germany, Russia and Canadian companies have put together. German Gref, the Sberbank CEO, said some 9,000 pages of... Full Story

Here is an update on a subject that I have followed from the beginning: The European Union has been causing Germany tremendous headaches over the GM / Opel to Magna / Sberbank with the threats of antitrust issues. The EU finally has said that they will not cause or plan any blocks of the transaction.With Opel poised to run out of cash by mid-January, it was in nobody’s interests to reopen the bidding process for the car maker, and the EU was looking like they were going to force that... Full Story

Moscow, Russia I was drinking my morning cup of coffee here in Moscow, Russia. I have been following the details of the Opel acquisition by Russia. Russia's biggest lender Sberbank and automotive giant GAZ – along with Canadian car parts firm Magna – are to buy Opel from US motor giant General Motors, which is filing for bankruptcy. The Western press has been hard pressed to give any details about this transaction since it looked like Russia was going to get the Car company. All the Western... Full Story