Report: GM's Opel Could Build Cars for Other Makers if Acquired by Magna

Report: GM's Opel Could Build Cars for Other Makers if Acquired by Magna

And the plot thickens... Citing sources close to Magna International, German newspaper 'Welt am Sonntag' is reporting that if the Austrian-Canadian auto-parts maker wins the battle against Fiat S.p.A. and acquires a controlling stake in General Motors' Opel - Vauxhall division, then there's a strong possibility that it could "loan" Opel's production capacity to other makers such as Ford or Peugeot if the automaker is forced to reduce output.

Fyrthermore, the German newspaper claims that while Magna has no intention of closing any plants in Germany, it may shut down GM's European plants in Antwerp, Belgium and Luton, England.

Via: Yahoo News

Report: GM's Opel Could Build Cars for Other Makers if Acquired by Magna

Report: GM's Opel Could Build Cars for Other Makers if Acquired by Magna

And the plot thickens... Citing sources close to Magna International, German newspaper 'Welt am Sonntag' is reporting that if the Austrian-Canadian auto-parts maker wins the battle against Fiat S.p.A. and acquires a controlling stake in General Motors' Opel - Vauxhall division, then there's a strong possibility that it could "loan" Opel's production capacity to other makers such as Ford or Peugeot if the automaker is forced to reduce output.

Fyrthermore, the German newspaper claims that while Magna has no intention of closing any plants in Germany, it may shut down GM's European plants in Antwerp, Belgium and Luton, England.

Via: Yahoo News

Vauxhall Pulling Out of BTCC at the end of 2009 Amid Crisis

Vauxhall Pulling Out of BTCC at the end of 2009 Amid Crisis

General Motors' UK brand Vauxhall announced on Friday that it will depart from the British Touring Car Championship (BTCC) at the end of the 2009 season due to the ongoing global economic crisis. "The decision to withdraw from the BTCC in 2010 was influenced by the absence of other manufacturer-backed teams and financial prudence in the current global economic downturn," Vauxhall said in a statement. However, the company left an open window for the future saying that it may return to the sport in future years.

"The company has enjoyed immense success with BTCC, both on track and as a focal marketing activity for the VXR brand. However a number of factors have led us to take the decision to withdraw from the championship at the end of this season," said Andy Gilson, Marketing Director, Vauxhall Motors. "Vauxhall's primary focus for next year will be bringing to market exciting new products, such as the new generation Astra and Meriva models."

For the remainder of the year, Vauxhall's team, VX Racing will continue to campaign on the BTCC with three cars driven by Fabrizio Giovanardi, Matt Neal and Andrew Jordan.

Vauxhall Pulling Out of BTCC at the end of 2009 Amid Crisis

Vauxhall Pulling Out of BTCC at the end of 2009 Amid Crisis

General Motors' UK brand Vauxhall announced on Friday that it will depart from the British Touring Car Championship (BTCC) at the end of the 2009 season due to the ongoing global economic crisis. "The decision to withdraw from the BTCC in 2010 was influenced by the absence of other manufacturer-backed teams and financial prudence in the current global economic downturn," Vauxhall said in a statement. However, the company left an open window for the future saying that it may return to the sport in future years.

"The company has enjoyed immense success with BTCC, both on track and as a focal marketing activity for the VXR brand. However a number of factors have led us to take the decision to withdraw from the championship at the end of this season," said Andy Gilson, Marketing Director, Vauxhall Motors. "Vauxhall's primary focus for next year will be bringing to market exciting new products, such as the new generation Astra and Meriva models."

For the remainder of the year, Vauxhall's team, VX Racing will continue to campaign on the BTCC with three cars driven by Fabrizio Giovanardi, Matt Neal and Andrew Jordan.