Opel might offer huge discounts to boost sales
Market analysts believe that German automaker Opel would have to offer heavy discounts on their cars if they want to boost sales.
Opel was saved by the German government which provided it with state aid last month.
The company is still struggling to save jobs and survive in [...]
Fiat is interested in Opel
Fiat chairman Luca Cordero di Montezemolo has confirmed that they are interested in the Opel brand.
He said that Opel could become an ideal partner for the company. He added that they now have an extraordinary opportunity to purchase this brand.
Incidentally, they are already in the process of acquiring Chrysler [...]
Fiat possibly interested in Vauxhall and Opel brands
Market sources claim that Fiat has expressed its interest in acquiring brands from GM like Vauxhall and Opel.
Vauxhall is based in UK while Opel is based in Germany.
GM has already announced that they are going to close down much of its US manufacturing operation for nine [...]
GM and Ford slows car manufacturing in Europe
Both GM and Ford have announced that they are now slowing down production of cars in their European plants.
They are cutting their output as the sales are down and the economic conditions are worsening.
GM has already shut down their Opel factory at Bochum. It would remain down till [...]
