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Opel and Vauxhall to be Sold to Magna

Posted in auto industry, Foreign Cars, GM, Newsworthy, Opel, Vauxhall by Alex Kierstein | September 10th, 2009 | 1 Response |


It’s been a long, hard road for Opel/Vauxhall of late, up for sale but being bounced around between two competing bidders like WWE contestants bouncing off of those bungee-cord ring ropes. That being said, the saga is (almost) over, as GM wants to sell to Magna provided that the German government kicks in some money, the unions involved agree to cut their own salaries, and a pig somewhere flies, however briefly. We should note that Magna, a Canadian multinational, is partnered with some unpronounceable Russian banking oligarchy for this transaction, so we expect a friendly iron curtain to soon descend over GM’s German operations just as soon as they can get all the details sorted out. Don’t hold yer breath.


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One Response

  1. It did take long enough. I am not happy that Magna has it now, after all they have been under suspicion to be linked to the Russian mob for some time now.

    The EU Crime task force and the RCMP in Canada have still a file open on Magna.