SolarWorld Offers $1.3B for Opel

*The_Blur* · 11-20-2008, 12:02 PM

SolarWorld wants to work on Opel cars to make them electric. In order to make this happen, SolarWorld has offered a lot of money to GM for its Opel division. Article is by Leftlane.

Discuss.

*Camaro_Corvette* · 11-20-2008, 12:03 PM

Think it will go? Cause i honestly think it might.

*The_Blur* · 11-20-2008, 12:06 PM

GM doesn't want to let go of Opel yet, but I can see it happening early next year.

TheClassicCarKid · 11-20-2008, 12:07 PM

I don't think it's going to happen.

*TAG UR IT* · 11-20-2008, 12:13 PM

It could go...but that 1.3B would only last....what.....almost a month???

I don't know if GM would go for that unless it meant getting them by until Obama took office (to get the 25B passed).

*The_Blur* · 11-20-2008, 12:16 PM

Quote:

Originally Posted by TAG UR IT

It could go...but that 1.3B would only last....what.....almost a month???

I don't know if GM would go for that unless it meant getting them by until Obama took office (to get the 25B passed).

A big problem is that it wouldn't really last that long. Most of the transaction is credit.

*TAG UR IT* · 11-20-2008, 12:19 PM

^Exactly. That 1.3B could literally be paid out as soon as it comes in. What is more important to GM? The revenue from Opel? Or the immediate cash?

willisit · 11-20-2008, 12:23 PM

How can it go? Every car they make it a "world" car so they'd have a badge and nothing else...

diddiyo · 11-20-2008, 12:53 PM

aww man. the opel manta used to be my favorite car when I was a child

my aunt had both the A and the B model. i like to call it "germany's camaro". it even was connected to weird stereotype drivers: female, young, blonde hairdressers and guys in cowboy-boots. funnily enough my aunt was exactly that, a blonde hairdresser

people used to invent manta-jokes like:
- "what's the biggest part of a manta? the boobs of the girl in the passenger seat!"
- says one manta-driver to the other "hey i bought a dictionary" and the other one asks "so, already put it on the engine?"
- "how does a manta-driver take a family picture? he puts the whole family in his car and passes a speeding-camera with 200km/h"

a movie called "manta manta" was made in 1991:
http://www.imdb.com/title/tt0102397/

here's two scenes from the movie (how do you imbed youtube videos again?):
http://de.youtube.com/watch?v=cWj1nIu0Cfo

http://de.youtube.com/watch?v=m7STU70l9HA

beautiful cars!

BigRigMike · 11-20-2008, 12:56 PM

Autoblog says that they will give GM 1.3 Billion but will want 1 Billion in compensation for employees. So GM would get about 300 million in cash and 1 billion in credit but then the solar company wants to get 1 billion cash back. That does not make too much sense to me.

http://www.autoblog.com/2008/11/19/g...-opel-from-gm/

*The_Blur* · 11-20-2008, 01:02 PM

Quote:

Originally Posted by BigRigMike

Autoblog says that they will give GM 1.3 Billion but will want 1 Billion in compensation for employees. So GM would get about 300 million in cash and 1 billion in credit but then the solar company wants to get 1 billion cash back. That does not make too much sense to me.

http://www.autoblog.com/2008/11/19/g...-opel-from-gm/

That's messy. Leftlane didn't explain it like that. I was under the impression that the company buying Opel could afford to operate.

11-20-2008, 12:02 PM	#1
The_Blur Moderator Drives: 2018 Harley-Davidson Street Bob Join Date: Nov 2007 Location: San Diego Posts: 14,768	SolarWorld Offers $1.3B for Opel SolarWorld wants to work on Opel cars to make them electric. In order to make this happen, SolarWorld has offered a lot of money to GM for its Opel division. Article is by Leftlane. Discuss. __________________ RDP Motorsport//GEN5DIY//Cultrag Performance//JPSS//Rodgets Chevrolet// Operation Demon//Buy at Invoice//RACECARWEAR RESPECT ALL CARS. LOVE YOUR OWN. warn 145:159 ban

11-20-2008, 12:03 PM	#2
Camaro_Corvette 36.58625, -121.7568 Drives: Team 1LE Join Date: Mar 2008 Location: Earth Posts: 23,710 View My Garage	Think it will go? Cause i honestly think it might. __________________ I am seriously never serious vv V vv Next order of business

11-20-2008, 12:06 PM	#3
The_Blur Moderator Drives: 2018 Harley-Davidson Street Bob Join Date: Nov 2007 Location: San Diego Posts: 14,768	GM doesn't want to let go of Opel yet, but I can see it happening early next year. __________________ RDP Motorsport//GEN5DIY//Cultrag Performance//JPSS//Rodgets Chevrolet// Operation Demon//Buy at Invoice//RACECARWEAR RESPECT ALL CARS. LOVE YOUR OWN. warn 145:159 ban

11-20-2008, 12:23 PM	#8
willisit Drives: Vauxhall Monaro VXR Join Date: Feb 2007 Location: Waterlooville, UK Posts: 314	How can it go? Every car they make it a "world" car so they'd have a badge and nothing else... __________________ Dan 2005 Vauxhall Monaro VXR. Sport pac - Road Response Pac - Ripshifter 2005 Vauxhall Astra 1.6 Sport (ug) 2001 Honda CBR 600 F

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11-20-2008, 12:13 PM	#5
TAG UR IT www.Camaro5store.com Drives: 2014 ZL1 #705 Join Date: Jul 2006 Location: SA, Texas Posts: 26,544 View My Garage	It could go...but that 1.3B would only last....what.....almost a month??? I don't know if GM would go for that unless it meant getting them by until Obama took office (to get the 25B passed).

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TAG UR IT www.Camaro5store.com Drives: 2014 ZL1 #705 Join Date: Jul 2006 Location: SA, Texas Posts: 26,544 View My Garage	^Exactly. That 1.3B could literally be paid out as soon as it comes in. What is more important to GM? The revenue from Opel? Or the immediate cash?

11-20-2008, 12:53 PM	#9
diddiyo Drives: . Join Date: Jun 2008 Location: . Posts: 3,048	aww man. the opel manta used to be my favorite car when I was a child my aunt had both the A and the B model. i like to call it "germany's camaro". it even was connected to weird stereotype drivers: female, young, blonde hairdressers and guys in cowboy-boots. funnily enough my aunt was exactly that, a blonde hairdresser people used to invent manta-jokes like: - "what's the biggest part of a manta? the boobs of the girl in the passenger seat!" - says one manta-driver to the other "hey i bought a dictionary" and the other one asks "so, already put it on the engine?" - "how does a manta-driver take a family picture? he puts the whole family in his car and passes a speeding-camera with 200km/h" a movie called "manta manta" was made in 1991: http://www.imdb.com/title/tt0102397/ here's two scenes from the movie (how do you imbed youtube videos again?): http://de.youtube.com/watch?v=cWj1nIu0Cfo http://de.youtube.com/watch?v=m7STU70l9HA beautiful cars!

11-20-2008, 12:56 PM	#10
BigRigMike Drives: 2010 Ford Fusion Join Date: Aug 2008 Location: York, PA Posts: 374 View My Garage	Autoblog says that they will give GM 1.3 Billion but will want 1 Billion in compensation for employees. So GM would get about 300 million in cash and 1 billion in credit but then the solar company wants to get 1 billion cash back. That does not make too much sense to me. http://www.autoblog.com/2008/11/19/g...-opel-from-gm/