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Opel deal still remains unsolved and now General Motors thinks about keeping the brand. So far the spokesman of the company says they would not comment anything on Opel story.
Just couple months ago the deal with Magna-VAZ seemed very clear, the companies have agreed on almost all points of the sale, and had to sign the last documents last Thursday, but European Union interfered and did not allow selling German brand to the Canadian-Russian partnership. According to the EU competition head Neelie Kroes Germany was ready to give state aid for Opel recovery to Magna bidding group, but since Russian firm joined them, it changes the conditions and breaks the internal market rules of the European Union.
The American manufacturer still has strong hope that the deal with Magna will work out. This would be the best solution, but if not, GM will be forced to restart Opel sale or keep the brand. If Opel remains in GM possession, it will have to be restructured either with the help of government support or through a hard road of bankruptcy that GM had to undergo itself.
Opel is still the center of attention in the automotive industry. The bidders are ready to take over the company and start working with it, but the final word is up to German government.
Ford expands its work in China by building another assembly plant for 150,000 units a year. The sales of Ford vehicles grew by 30% in the country and this was the reason for building the third facility which increases the total production in China to 450,000 vehicles annually.
Volkswagen is growing by buying new brands and building new facilities. In the end of 2007 the company built an assembly plant in Kaluga, Russia where it started building Volkswagen Passat and Skoda Oktavia.
Finally the deal about the Saab sale is becoming clearer. GM Europe has announced that the Swedish manufacturer will be sold to Koenigsegg Group AB. There have been several candidates and in June the things started clearing out, but there was still a little uncertainty about the bid from the Koenigsegg company.