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GM Sells Opel To French Company For $2.3 Billion, Exits Europe

Reuters | Jade Walker | Posted 03.06.2017 | Business

PARIS/FRANKFURT (Reuters) - PSA Group has agreed to buy Opel from General Motors in a deal valuing the business at 2.2 billion euros ($2.3 billion), t...

Five Cars Americans Would Buy... But Can't

Brian Moody | Posted 12.14.2013 | Business
Brian Moody

Following a recent trip to the Frankfurt Auto Show, I couldn't help but ask myself: "Why can't we buy those cars here in the U.S.?" In some cases, th...

The Next Mobile Frontier: The 'iCar'?

Joseph Farrell | Posted 08.17.2013 | Technology
Joseph Farrell

Last week, the newest frontier in mobility and application development dawned: the "iCar." During its annual World Wide Developer's Conference (WWDC), Apple announced plans to bring the iOS experience in 2014 to at least 12 different car markers.

Remembering Gunter Sachs, Brigitte Bardot and St. Tropez

Carole Mallory | Posted 07.10.2011 | Entertainment
Carole Mallory

Billionaire, Opel heir, philanthropist and renowned art collector Gunter Sachs shot himself in the head on Saturday in Gstaad, Switzerland.

The Real Risk For Europe is Social

Georges Ugeux | Posted 05.25.2011 | Home
Georges Ugeux

Will European Governments have the leadership, the ability and the political will to restore a sensible balance between social contribution and costs?

Shocker! GM Cancels Opel Sale, But Why?

Steve Parker | Posted 05.25.2011 | Business
Steve Parker

Unions are all-powerful in Europe, and GM dropping the sale and the resultant job losses could wind up looking like a huge defeat for Germany and the entire EU.

General Motors Europe and the Cold War

Diane Francis | Posted 05.25.2011 | Business
Diane Francis

The old saw is that "what's good for General Motors is good for America" and that's why the Magna International bid for GM's European operations is unlikely to succeed.

Auto Giants Reposition Globally

Diane Francis | Posted 05.25.2011 | Business
Diane Francis

Cars are not longer just big business; companies have to build vehicles, but also be able to create multilateral partnerships which include workers, politicians, civil servants and investors.

This Weekend's Live Motoring and Motorsport Talk Shows

Steve Parker | Posted 05.25.2011 | Business
Steve Parker

No lack of topics this week on our general interest live call-in automotive talk show - General Motors approaches bankruptcy, or maybe is in it already. Chrysler leaves bankruptcy this weekend ... but will Fiat really buy all their assets?

Eleven Other Countries with Big Auto Industry Problems

Steve Parker | Posted 05.25.2011 | Business
Steve Parker

Here's some of what's happening, mostly with GM, in Europe and Asia, two markets outside the U.S. hit hardest by the slowing automobile business.

Europe's, China's carmakers ask for help; Waxman wins key Congressional post

Steve Parker | Posted 05.25.2011 | Business
Steve Parker

In a major win for all consumers, Democrats in the House of Representatives voted Thursday to put Rep. Henry Waxman of California in charge of a key p...


Steve Parker | Posted 05.25.2011 | Green
Steve Parker

Today's Detroit News newspaper reports that, because big investment banks such as Goldman Sachs and JPMorgan Chase own huge amounts of GM and Ford cor...