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GM Tries To Salvage Opel-Magna-Sberbank-GAZ Deal

“It is impossible to predict the time and progress of revolution. It is governed by its own more or less mysterious laws.” Vladimir Lenin . Picture courtesy toktali.com

The DetN, the unofficial in-house organ of GM, reports (without flinching) that GM officials “still hope to negotiate an agreement with Magna and Russian automaker GAZ. Full Article at The Truth About Cars

Related Topics:

  1. General Motors
  2. Magna International, Inc.
  3. Vladimir Putin

Related Articles

  1. United Press International logo
    GM still seeking Russia deal with Magna
    2 weeks ago

    DETROIT, Nov. 8 (UPI) -- U.S. automaker General Motors says it is pushing ahead with plans to work with Canadian parts supplier Magna International Inc. on a Russian production deal. Full Article at United Press International

  2. Detroit News Online logo
    GM tries to restart deal with Magna in Russia
    2 weeks ago

    General Motors Co. hopes to salvage a key element of the collapsed plan to sell its Adam Opel GmbH carmaker -- a three-way production deal in Russia. Full Article at Detroit News Online

  3. Globe and Mail logo
    Magna in talks with GM about plant in Russia
    2 weeks ago

    M agna International Inc. is in discussions with General Motors Co. and auto maker OAO GAZ to build a vehicle assembly plant in Russia, Magna chairman Frank Stronach says, showing that the parts giant remains eager to tap the country's emerging economy. Full Article at Globe and Mail

  4. Wall Street Journal logo
    Magna, Sberbank to Analyze GM Pullout
    2 weeks ago

    By Will Bland MOSCOW -- General Motors Corp.'s decision to retain its European unit is "genuinely surprising," and the spurned bidders, Canada's Magna International Inc. and Russian state-controlled OAO Sberbank, will scrutinize the legal basis for the... Full Article at Wall Street Journal

Related Quotes

  1. We will have to take into account this style of dealing with partners in the future, though this scornful approach toward partners mainly affects the Europeans, not us
    Vladimir Putin – Vladimir Putin SOURCE: ETF Investor 2 weeks ago
  2. This is a good lesson. … We must take into account this kind of cooperation with our partners in the future
    Vladimir Putin – Vladimir Putin SOURCE: ETF Investor 2 weeks ago
  3. Everyone was notified after the fact, despite the agreements that had been reached and the documents that had been signed, including legal ones
    Vladimir Putin – Vladimir Putin SOURCE: ETF Investor 2 weeks ago
  4. Nobody warned anybody about anything
    Vladimir Putin – Vladimir Putin SOURCE: ETF Investor 2 weeks ago
View all Related Quotes »
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  1. People walk under a currency exchange advertisement banner of Sberbank, Russia�s giant state-owned savings bank, in Moscow November 18, 2009. Sberbank has recently announced huge job cuts that will affect 10 percent of its 267,000 employees by year-end.
  2. BERLIN - SEPTEMBER 10: John Smith (L), lead negotiator for U.S. carmaker General Motors, and Fred Irwin (R), Chairman of the Opel Trust Board, arrive to announce GM's final decision of the future of German carmaker Opel on September 10, 2009 in Berlin, Germany.
  3. UDINE, ITALY - NOVEMBER 21: Sergio Parisse is tackled by John Smith and Morne Steyn during the friendly match between Italy and South Africa at Friuli Stadium on November 21, 2009 in Udine, Italy.
  4. FONTWELL, ENGLAND - NOVEMBER 06: Peter Toole and Dot's Delight clear the last flight to go on and win the John Smith's Conditional Jockeys Novices Hurdle Race run at Fontwell Racecourse on November 6, 2009 in Fontwell, England.
  5. South Africa's Victor Matfield (L) holds the Tri Nations Cup while team captain John Smith (R) holds up the Freedom Cup after their Tri-Nations Rugby Union match against the New Zealand All Blacks at Waikato Stadium in Hamilton on September 12, 2009.
  6. HAMILTON, NEW ZEALAND - SEPTEMBER 12: Jannie Du Plessis, John Smith, Bismarck Du Plessis and Tendai Mtawarira of South Africa celebrate with the Tri Nations trophy after winning the Tri Nations Test Match between the New Zealand All Blacks and South African Springboks at Waikato Stadium on Septem...
  7. LIVERPOOL, UNITED KINGDOM - APRIL 05: Timmy Murphy on Comply Or Die celebrates after victory in the John Smith's Grand National Steeple Chase at Aintree Racecourse on April 5, 2008 in Liverpool, England.
  8. US President George W. Bush (C) makes a statement on Iraq reconstruction as he stands with Kristin Hagerstrom (L-R), John Smith, John Jones, Deputy Secretary of Defense Gordon England and Secretary of State Condoleezza Rice, in the Rose Garden of the White House in Washington, DC, 08 January 2008.

Cast of Characters

  1. General Motors General Motors
  2. Magna International, Inc. Magna International, Inc.
  3. Vauxhall Vauxhall
  4. Oleg Deripaska
  5. Vladimir Putin Vladimir Putin
  6. Frank Stronach