Aston Martin will, for the first time in its 95-year history, build their Rapide outside of UK soil. The British company has decided to use Magna Steyr — a company which produces models for BMW and Mercedes-Benz — as their production home. Aston will prepare 240 workers to develop the car at the Austrian plant, where they will build about 2,000 sedans...

General Motor’s decision to drop the Opel sale will apparently help the Volkswagen brand create a partnership with Magna International, the Opel-bid winner. The German brand, VW, said that they would work with Magna as long as they do not become a competitor. “If Magna doesn’t act like a competitor, we will continue to do business as usual,”...

Germany’s new government will apparently take another look at the General Motors-Opel-Magna sale. The new government might consider an arrangement between the the companies in order to keep Opel as a GM brand. “The new government will take another look at decisions made up to now on Opel and imminent conditions to be set by the European Commission,”...

After a load of rumours stating that General Motors might still keep the Opel brand, it was said that the General are still interested in selling the brand to Magna International. GM CEO Fritz Henderson said that an Opel-Magna deal would be best for the company. “I think right now there is no other buyer for the business and the deal we have on the table...

General Motors might have a Plan B to keep the Opel brand. The General is currently undergoing a meeting to decide on whether or not the Magna International and Opel deal has broke European Competition laws. “At the moment, the GM board is having a new discussion on this, taking into account the letter from Mrs. Kroes,” Opel Trust Chairman Fred Irwin...

Opel’s boss, Klaus Franz, has revealed that Magna International will soon take hold of 55 percent of the German brand. The are of course still a few points that need to be settled, but it’s pretty much said that the final approval will be this week. “We are on the home stretch but there a few more points to clear up,” Franz said on Monday...

Magna International, the company that will soon run Opel, has signed a deal with Mercedes-Benz to develop and build aluminium bodies for the SLS AMG. “We can be proud that we are the only supplier in Europe able to manufacture a body made only out of aluminum — that underlines once more our leading position in challenging and innovative technologies,”...

Despite Magna planning to layoff a truck-load of workers in Germany, reports have said that Spain might see fewer jobs lost. The original plan from the new Opel owner stated that Spain’s Zaragoza plant would lose 1,650 employees, but after negotiations with the union leaders it seems as if the Canadian firm will only cut 1,300 jobs. Along with the lower...

Despite the failure between Penske and General Motors regarding the Saturn brand, things seem to be going pretty well with the Opel-GM-Magna sale. It was said that the final contracts should be signed next week, where the deal could be closed by as early as the November month. Sources have said that the “signing is planned soon,” Alongside the signing...

Oops. Looks like the Magna International-Opel deal has a slight flaw. Germany’s government recently pushed so hard towards a Magna-Opel deal, where they said that they would pretty much only really fund this deal. Well, now the deal is over and Magna has obtained the papers for Opel, where their partner Sberbank from Russia has announced that they are already...