Who will Buy Vx ??

[Diet1985]

after reading this NEWS REPORT, Im left wondering who will actually buy Vauxhall.

On another note... its nice of them just to look after their USA Based brands

[Diet1985]

..I read this from another news report

A deal with Canadian car parts firm Magna International to take over Opel and Vauxhall has been agreed, but not yet finalised.

[neilshaw1980]

isnt it a canadian company called Magna that have bought vauxhall/opel?

[neilshaw1980]

GM have put a clause in the contract that Magna cant sell Vauxhall or Opel cars in the US or China

[Jezzy]

There's a separate story running to that one, namely that GM are going cool on the idea of selling to the Magna consortium, because the Russian bank that will actually own a bigger percentage of GM Europe than Magna, have let slip they want to asset-strip all the intellectual property and move it to Russia. GM have apparently been surprised and disappointed by the level of technical details the Russians have started asking for. Apparently, due to better than expected sales in Europe in the last couple of months, GM is no longer quite as desperate to sell Vauxhall/Opel and is prepared to wait for another buyer.

[john_k_sri]

Anything's better than an Austro-Canadian parts company asset-stripping VX/Opel and relocating production and selling on to the highest bidder at the behest of their Russian paymasters.

[Pete B]

Apparently, due to better than expected sales in Europe in the last couple of months........

That'll be with my Mum buying a new Corsa last month then

GM is no longer quite as desperate to sell Vauxhall/Opel and is prepared to wait for another buyer.

Back to Fiat then maybe, who knows? I can't remember now, if it was even fully published, why they went cold.

Somehow, the idea of any sort of Consortium buying Vx/Opel puts me off. Consortia & Asset Stripping are never far removed partners.

[john_k_sri]

That'll be with my Mum buying a new Corsa last month then



Back to Fiat then maybe, who knows? I can't remember now, if it was even fully published, why they went cold.

Somehow, the idea of any sort of Consortium buying Vx/Opel puts me off. Consortia & Asset Stripping are never far removed partners.

Apparently GM wanted Fiat to stump up another $40Million for the privilege of acquiring GM Europe, so they walked away.