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Opel sold to Russia and Canada

Published: 30 May, 2009, 16:28


Germany's Opel has been sold – with a joint-Russian-Canadian bid the winner in the race to buy one of Europe's oldest and most well-known carmakers.

 
8 COMMENTS
Count Cash May 30, 2009, 07:28 quote
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Certainly a bit worried about how much operational cash is required here, and hope that they have a good buiness plan to base this on, including some clever marketing. However, the marriage, could be a good one, if it is kept strictly business. So let's see how it goes, certainly Russia can provide cash and a big market, this can be coupled with Canada's good quality experience.

Salim May 30, 2009, 22:05 quote
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That is what Russia needs, she deserve it. Keep going Russia. I wish you next time to buy gas network in EU and one pharma such AstraZeninca!!!!!!!!!!

Sam May 30, 2009, 23:15 quote
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With Germany providing such a large loan guarantee, Am sure all production of Opel in Europe that is not in Germany will be moved to Russia. Cannot blame them for this, each country takes care of their own people.

John B May 30, 2009, 23:56 quote
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An interesting deal, a sign of the increasing Russian economic power, and weakening Amercian economic power in Europe and beyond. Oleg Deripaska is a legend in his own lifetime.

Andrew May 31, 2009, 02:18 quote
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When they start production in Russia,I'm going to buy one and import it to the United States.

Rahmad W May 31, 2009, 06:50 quote
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Is that mean Opel for Russia alone? will Opel change its name?

Count Cash May 31, 2009, 11:33 quote
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Rahmad, the whole point with buying Opel was to get the brand and the industrial flow, including design, that is the asset they bought. Therefore they are not going to throw part of that asset away and change the name. The point of the deal was to secure the brand, the design and the markets, then optimise by adding Russia as a market and use synergies and alternative manufacturing sites to reduce cost. I am sure, as Sam in an earlier post mentioned, Germany will handle ROW and Russia will handle Opel in the Russian market. The Russian and German cash will finance this through transition to the new business set up. However, it will only all work, if the market exists, and the business is sized to meet that market, otherwise in the end the business will fail. But I am positive and think that the Opel brand is a good one, and good for Russia, so lets hope it all works out, for the sake of everyone, investors, workers and the customers.

Employee June 04, 2009, 09:27 quote
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What about Vauxhall in the UK

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