GM will announce the sale of Opel on Thursday.
General Motors recently has been finalizing the deal to sell the Hummer brand to China’s Sichuan Tengzhong Heavy Industrial Machine Company. It now appears that Opel will likely be following suit as GM continues the downsizing of their total brands.
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Fiat will produce Chrysler's in Italy, but which vehicle will they produce over there?
Fiat recently announced it has plans to produce vehicles at the old Bertone plant in Italy, according to Fiat and Chrysler CEO Sergio Marchionne. However, he declined questions on which specific vehicles will be made there and when production will start at the Turin plant.
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2010 Aston Martin Rapide
About three years ago, Aston Martin unveiled a concept version of a luxury sedan which was called the Rapide. Today, that car finally made it to a production version. Designed to compete with the Porsche Panamera, it’s expected to be the most expensive and exclusive luxury sports sedan on the market when it’s hits dealership lots.
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The Opel Astra
Last week we reported that General Motors was close to an agreement to sell the prized Opel brand to Magna International. This morning now, the GM Board of Directors announced that it has closed the deal with them to sell majority ownership.
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The Opel Astra, one of the models of the Opel brand.
It appears that General Motors is beginning to narrow down on which company will purchase the prestige Opel brand name. So far it is down to two companies: RHJ International and the highest bidder Magna.
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