#opel

Reuters reports:

Opel, part of GM Europe, has long sought to free itself of the constraints imposed by GM, which aims to keep it as a regional brand.

“One proposal would be to give Opel shares to SAIC,” [Opel union boss] Klaus Franz told Reuters, adding this move would allow GM to receive in return t he 1 percent in the SAIC joint venture it is missing for a 50 percent stake.

“GM has never accepted that it owns 49 percent in the joint venture with SAIC and that the Chinese partners have 51 percent,” Franz said.

The joint venture builds Chevy, Buick and Cadillac vehicles in China.

“It would be a win-win situation for all and it would be a good way for us to enter the Chinese market,” Franz said.

Franz has long been a provocateur, but this one probably takes the cake. After all, SAIC and Opel together would almost be a better GM than GM… product development and booming China/India sales with none of the North American legacy costs. Don’t count on this happening, but it is an interesting sign of Opel’s renewed desire for independence from Mother GM.

Good news for Opel workers: They could all get Chevys, and GM CEO Dan Akerson won’t sell them down the river, to China, to Korea, or god forbid to Wolfsburg. “We would never give Opel away. Opel contributes to our global size and is not for sale, end of discussion,” Akerson told Germany’s Financial Times Deutschland. An unambiguous statement. Opel workers would have loved to hear it a bit earlier. But better late than Hyundai.

Akerson had more news. Some good. Some, well, you decide …

To be perfectly honest, we don’t know if the forthcoming Opel Astra CC (shown here in mule form) will be brought to the US and sold as a Buick, but it’s certainly been rumored. C&D says that, in addition to an Astra/Verano coupe, which it says will “definitely” be coming to the US,

Buick’s lineup could be graced with another Opel model that is currently under development. Replacing the folding-hardtop Astra Twin Top in Europe will be a new model that won’t be badged Astra, but will be based on the car’s Delta platform and remain close to the current model’s dimensions. The new convertible will keep its pronounced trunk and shed its clumsy hardtop in favor of a softtop, which should increase luggage space and make for a far cleaner look. Opel believes the softtop will create a more premium image.

The last Buick convertible? The 1990-91 Reatta convertible. But Buick’s probably hoping that nobody remembers those bad old days…

Terrance writes:

I will be moving to Poland with my wife and baby son in July. We will need a car, and trying to calculate value is tough for me, knowing very little about the Polish market.

I don’t know how much we intend on driving, but probably the occasional couple hundred mile trip on the weekend. I would like to keep my purchase price below 5,000 dollars and have something that is easy to fix where I can maybe take it to the guy down the street who operates out of his house’s garage, and not be too afraid of the guy not being able to get parts, not having too many special tools, etc.

The other aspect of European cars is the use of natural gas. It looks like “lpg” is big in Poland as many of the cars I checked out on allegro.pl have the natural gas option. Does this add to the complexity of maintenance? Will this provide more value per mile than a diesel engine?

The car has to be relatively safe, and a wagon with the room would fit our style as a growing family. There seem to be a lot of 10+ year old German cars that can be had pretty cheaply ( allegro.pl). So far I like the Mercedes and BMW wagons from the early nineties. But something tells me that a 5 year old Honda Jazz would be a much smarter choice even if it might cost more upfront.

GM has announced its Q2 earnings [ Analyst slides in PDF here], and the firm has recorded a healthy $2.5b profit for the quarter on strong North American performance and an end to losses from the European Opel division. In fact, on an EBIT (earnings before interest and taxes) basis, all of GM’s global divisions were in the black last quarter, although GM Europe and GM South America both recorded modest $100m gains and GMIO (which includes the lucrative Chinese market) recorded a $600m EBIT. The powerhouse continues to be GM North America, which recorded $2.2b in EBIT, continuing North America’s post-bailout importance as the driver of GM’s financial results. Globally, a $600m reduction in EBIT due to costs and “other” was offset by the same amount of gains in volume/mix, while pricing added a billion dollars to overall EBIT. And though fleet sales were up in North America, incentives for the quarter appear to have hit record lows. [Hit the jump for global deliveries and market share/fleet data, via GM’s financial highlights release].

According to Germany’s usually well informed AUTO BILD, Korea’s Hyundai either did or still does cast longing eyes on struggling Opel. Opel is on Hyundai’s horizon, literally: Hyundai’s German tech center in Rüsselsheim is only a few miles away from Opel. “Hyundai is growing faster than any other automaker. They are desperately seeking new engineers at the Hyundai tech center,” writes AUTO BILD, “and the plant in Czech Nošovice cannot be expanded further. Opel with thousands of well trained engineers, precious EV know-how (Ampera) and underutilized plants would be a great fit.” And this is how the latest car-cliffhanger started …

Better late than never: After refusing for months to comment on rumors that Opel might be up for sale, and after having been lambasted from his own workers up to Germany’s government, GM CEO Dan Akerson said the magic words: “We don’t comment on speculation — and there has been a lot of speculation — but I will say this: Opel is not for sale.”

Akerson made the remarks at a GM plant while celebrating the official launch of labor talks with the UAW, Reuters reports.

Good morning! Two years after GM reneged on the Opel sale to Magna and Sperbank, the Times of London has the big scoop. GM cancelled the sale of Opel because the buyers wanted the right to sell its factories to a Russian state-owned car maker, says the Times, citing U.S. diplomatic cables revealed in Wikileaks. Really? You don’t say! We are shocked!

With Opel planning to pull itself into the black within the year, the brand’s thoughts are turning from survival to “luxuries” like a flagship model planned for around 20k units starting in the 2016-2017 timeframe. Codenamed “TOL” for “Top Of Line,” the sedan will be designed to highlight one of GM’s many alt-drivetrain technologies, but according to Automotive News [sub], nobody yet seems sure which. Opel labor rep and recent champion of the brand’s forthcoming products Klaus Franz explains:

Already with the our Ampera electric vehicle, we have shown what we are able to do and enjoy an advantage of two to three years compared to the competition

But with the TOL is planned for 2016, Opel may have to dig deep to jump out ahead of the market, which is why a fuel cell-powered electric drivetrain is being considered (also, after decades of FCV research, GM has to build a production model someday). And if the eventual product has a truly ahead-of-its-time drivetrain, and looks as good as last year’s Flextreme Concept (above), this flagship could be an exclamation point on Opel’s turnaround. Unfortunately, neither of these things are a given…

Automotive News Europe [sub] must have been bar-hopping with German auto execs. On the same day it unearthed secret anti-X6 plans by Daimler, ANE also heard that Opel will lauch “a new flagship model” by the end of 2016 or early 2017. Not only will it be a “big Opel”, the car “may come to market with alternative powertrains such as a fuel cell system to help boost Opel’s green image.” (Someone needs to tell Opel that in Europe, one does not need to be ashamed of big cars, just like Silverados are o.k. stateside.)

No good deed goes unpunished. While the leadership of GM refuses to comment on Opel, Volkswagen’s Winterkorn filled the void and dispensed some helpful advice. He said that only the Chinese would be interested in Opel, and even that remains a very theoretical possibility. GM did not like that advice and fired back.

GM top echelons refused to break cover. Instead, there is a big pronouncement on GM’s website.

“General Motors has a longstanding policy of not commenting on rumors and speculation. Unfortunately, some of our competitors do not show similar restraint.

Opel is casting a wary eye at parent GM. GM unleashed Chevrolet in Europe. Nobody took it seriously until Chevrolet announced today that the bowtie brand sold 23 percent more Chevys in Opel’s home market Germany than in the first half of 2010. In the first 6 months of 2011, Chevrolet sold15,077 units in Germany.

End of the year, Europeans can delight in the Made in America Opel Ampera, which is a rebadged and slightly reskinned (see picture) Volt. But don’t rush to your friendly Opel dealer to put in your pre-order: The Ampera is already sold out.

For a while now we’ve figured that the long-rumored Buick “Baby Enclave” would be a rebadged version of Opel’s Meriva MPV, as the suicide-doored Euro-confection is currently GM’s newest Gamma-platform people-carrier. But according to GMInsideNews’s 2013 lineup forecast, the Buick “Encore” will actually be a

Gamma based crossover will be a five-seater, about the size of the Nissan Rogue.

Because the Meriva is considerably smaller than the Rogue, and because it is rumored to have distinctly Enclave-like styling, we’re starting to rule out the Meriva as the next Buick CUV. Instead, we now think that this forthcoming Opel Corsa-based (Gamma II platform) “SUV” will be the basis for the Encore, as it’s larger than the Meriva and offers the higher seating that American drivers crave. But, based on this video of the new CUV testing in Germany, the new Buick should still be fairly playful for a front-drive crossover. These are not perfect drifts by any stretch, but I challenge any of you to do better in a front-drive Buick…