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Thursday, July 21, 2011

VW Reportedly Put a Price on the Table for GM’s Opel after Hearing Rumors about Hyundai’s Interest

German monthly publication ‘Manager Magazin’ reported in its latest issue that the Volkswagen Group has a far deeper interest in Opel than originally thought.

Citing unnamed sources close to the automaker, the financial magazine said that Volkswagen gave General Motors a rough estimate of what it is willing to pay for Opel after the German company heard rumors about Hyundai’s alleged interest in the European brand.

Congratulations, it’s a Doblo: New Opel Combo in Passenger Car and Panel Van Trims Breaks Cover

Meet the new Opel Combo, GM Europe’s latest offer in the light commercial vehicle segment that will also be available in a passenger car version.

In case you didn’t notice, Opel’s newcomer is based on the Fiat Doblo van with the exterior styling changes over the Italian model limited to the design of the front bumper that somewhat awkwardly incorporates the German firm’s family grille.

Opel Increases Market Share in Europe, GM Still not Happy

Opel has increased its share in Europe this year, with sales rising 6% up to May, giving the brand a market share of 7.4%, compared to 7% in 2010. So mother company GM must be satisfied, right?

Well, not entirely, according to Automotive News. And that’s because Opel’s cars are technologically advanced and due to high German working rates, are quite expensive to manufacture. However, they cannot be sold in prices similar to direct competitors such as Volkswagen because they lack their rivals’ image.