21 May 2009

Fiat Bids For GM Europe

Fiat is already trying to buy Chrysler assets in connect with its bankruptcy proceedings. Now, Fiat is also a bidder for the General Motor's European Opel division, including the British Vauxhaul brand.

General Motors is trying to unload its Saturn, Hummer and Saab brands, in addition to its Opel brand. It is planning to shut down its Pontiac brand as well. A successful sale would make General Motors a much smaller company, presumably an easier to manage company, and also presumably an easier company to make profitable. Opel has been more profitable than GM's North American operations in recent years, but a sale might provide GM with the cash it needs to avoid or survive a bankruptcy.


Dave Barnes said...

I gave up on Opel ever since they stopped making http://en.wikipedia.org/wiki/Opel_Manta

Andrew Oh-Willeke said...

I wouldn't know an Opel if it hit me.

Dave Barnes said...


You need to get out more.

1. http://www.loria.fr/~vigneron/Bookmarks/Home_made/manta.html

2. http://en.wikipedia.org/wiki/German_humor

3. http://www.geschichte.nrw.de/artikel.php?artikel[id]=257&lkz=en

Don't feel badly. Both my wife and daughter say that my jokes are way too obscure.


Dave Barnes said...


"Opel already has a foot in the door at Saturn dealers with the Astra hatchback, which is built in Germany for Saturn."