Sberbank News on Daylife

Merkel waiting for 'thank-you letter' from General Motors

Wed, 25 Nov 2009 00:37:21 GMT

Berlin -- German Chancellor Angela Merkel said Tuesday she was expecting a "comprehensive thank-you letter" from General Motors for huge loans to keep the auto maker's Opel unit afloat, which she said had now been repaid.
Source: Expatica

Saab deal falls apart as the brand nears extinction

Tue, 24 Nov 2009 20:02:50 GMT

Swedish sports car maker Koenigsegg Group AB has come to its senses. The company decided to pull out of its earlier agreement to buy Saab from General Motors. Barring some new edict from GM’s board, the auto maker will likely just wind the brand down.
Source: Business Week

GM-Opel's threatened loss of jobs strains EU principles

Tue, 24 Nov 2009 19:13:35 GMT

With thousands of jobs across Europe at stake and the spectre of an internal subsidy race that would threaten the hard-fought internal market of the European Union (EU), the General Motors–Opel saga saw another twist in the tale this week, with...
Source: Business Standard

Opel: The Bridge Is Gone

Tue, 24 Nov 2009 16:19:51 GMT

GM is no longer in hock with Germany. They paid back all of the €1.5b bridge loan Opel had received from Berlin to keep it afloat until it was taken over by Magna and Sberbank. As we all know, this didn’t happen.
Source: The Truth About Cars

Merkel expects GM thanks for loan

Tue, 24 Nov 2009 10:58:07 GMT

German Chancellor Angela Merkel says US car maker General Motors has repaid €1.5 billion in loans it received from Germany to keep its troubled European division Opel afloat.
Source: RTE Interactive

GM repays €1.5 billion German bridging loan

Tue, 24 Nov 2009 03:18:01 GMT

General Motors has repaid the €1.5 billion in bridging loans it received from Germany to keep Opel, its troubled European marque, afloat.
Source: Times Online

Opel Reopens German Debate Over State Aid

Mon, 23 Nov 2009 21:13:10 GMT

As executives of General Motors met Monday with European officials to ask for financial help in restructuring its struggling auto operations on the Continent, Germany reopened a bitter public debate over state aid and job protections that has sharply...
Source: Dealbook

GM Wants State Help for Opel Restructuring

Mon, 23 Nov 2009 16:26:02 GMT

By Peppi Kiviniemi, Adam Cohen And Matthew Dalton BRUSSELS -- General Motors Co. wants European Union governments to help provide €3.3 billion ($4.9 billion) for its Adam Opel GmbH unit, but will restructure the auto maker without state help if needed,...
Source: Wall Street Journal

Quoted in 'GMs cancellation of Opel deal causes no harm to RF - Putin'

Thu, 05 Nov 2009 13:50:03 GMT

Vladimir Putin said in ITAR-TASS:

GM’s decision to cancel the sale of Opel to the consortium of Magna and Sberbank will not cause harm to the interests of Russia

Photo from AP Photo

Fri, 18 Sep 2009 14:08:00 GMT

Russian Prime Minister Vladimir Putin, right, and Sberbank President German Gref, left, attend an international investment forum in the Black Sea resort of Sochi, which is hosting the 2014 Winter Olympics, Russia, Friday, Sept. 18, 2009.

Photo from Reuters Pictures

Tue, 15 Sep 2009 09:33:22 GMT

German Gref, CEO of Russian Sberbank and Siegfried Wolf (L) co-CEO of auto part producer Magna Inc. follow the presentation of Opel chairman Carl-Peter Forster at a Opel press conference during the media day at the international car show "IAA" in Frankf...

Magna Sberbank proposal on Opel finalised

Fri, 14 Aug 2009 05:34:00 GMT