http://www.carwale.com/news/Latest news updates on Indian car industry, expert views and interviews exclusively on CarWale.Copyright 2012 CarWaleCarWale RSS Generator4176http://www.carwale.com/news/4176-tata-motors-appoints-carl-peter-forster-as-group-ceo.htmlhttp://www.carwale.com/news/4176-tata-motors-appoints-carl-peter-forster-as-group-ceo.htmlCarWale Team2/15/2010 6:03:10 PM1463http://img.carwale.com/ec/4176/img/m/4176_mhttp://img.carwale.com/ec/4176/img/m/4176_lTata Motors has appointed Carl-Peter Forster as the Group Chief Executive Officer of the company.  He will have the overall responsibility of Tata Motors Operations globally, including Jaguar Land Rover.

]]>Tata Motors has appointed Carl-Peter Forster as the Group Chief Executive Officer of the company.  He will have the overall responsibility of Tata Motors Operations globally, including Jaguar Land Rover.

Forster, 55 years, has twenty-four years of international experience in the automobile industry.  Most recently he was the head of General Motors, Europe, where he looked after Opel/Vauxhall, Saab and the European activities of Chevrolet.

Before joining General Motors in 2001, Forster has had 13 years of experience in BMW where he held various positions including that of Managing Director of BMW South Africa  and was also on the Managing Board of BMW responsible for manufacturing.

Ratan N. Tata, Chairman, Tata Sons and Tata Motors, said, “Tata Motors expects that Forster’s induction will greatly facilitate its ambition towards being a truly international company.”

]]>3087http://www.carwale.com/news/3087-opel-brand-sold.htmlhttp://www.carwale.com/news/3087-opel-brand-sold.htmlCarWale Team9/11/2009 12:10:24 PM2588http://img.carwale.com/ec/3087/img/m/3087_mhttp://img.carwale.com/ec/3087/img/m/3087_lMagna International Inc. (“Magna”) and Savings Bank of the Russian Federation (“Sberbank”) announced that their joint offer to acquire a 55% interest in Adam Opel GmbH (“Opel”) has been selected by both General Motors Company (“GM”) and the Opel Trust as the preferred solution to address the future of Opel.

]]>Magna International Inc. (“Magna”) and Savings Bank of the Russian Federation (“Sberbank”) announced that their joint offer to acquire a 55% interest in Adam Opel GmbH (“Opel”) has been selected by both General Motors Company (“GM”) and the Opel Trust as the preferred solution to address the future of Opel.

Under the offer, the acquired 55% interest in Opel would be owned 50:50 by a Magna/Sberbank consortium (“Consortium”) with GM retaining a 35% interest and Opel employees acquiring 10% as part of a new labour framework. The offer contemplates a total equity investment by the Consortium of Euro 500 million over time.

Completion of the purchase remains subject to finalization of definitive agreements and other conditions, including government-backed financing and regulatory approvals.

]]>2758http://www.carwale.com/news/2758-general-motors-is-getting-ready-for-the-cruze.htmlhttp://www.carwale.com/news/2758-general-motors-is-getting-ready-for-the-cruze.htmlRachit Hirani7/20/2009 1:04:24 PM4845http://img.carwale.com/ec/2758/img/m/2758_mhttp://img.carwale.com/ec/2758/img/m/2758_lGeneral Motors has introduced a scheme where it will buy back the older Opel models that it sold in India in exchange for the Chevrolet Optra Magnum.

]]>General Motors has introduced a scheme where it will buy back the older Opel models that it sold in India in exchange for the Chevrolet Optra Magnum.

The company offers to buy back the cars at a price between Rs 1,25,000 and Rs 1,65,000 on all the Opel models. The idea behind this buy back is to sell out its existing Optra Magnum stock for the upcoming replacement, the Chevrolet Cruze which has been launched in Europe and the Indian market is on the cards of General Motors.

Following are the buy back rates offered by General Motors:

1997 – 1999: Rs 1,25,000 (Opel Astra)

2000 – 2001: Rs 1,45,000 (Opel Corsa) and Rs 1,55,000 (Opel Astra)

2002 onwards: Rs 1,65,000 (Opel Corsa) and Rs 1,55,000 (Opel Astra)

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