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Some analysts argue Magna is making a big mistake if it acquires Ruesselsheim-based Opel and its European subsidiaries, which employ 50,000 workers, most of them in Germany. "A third of the parts companies out there are in trouble right now," says Toronto analyst Dennis DesRosiers of DesRosiers Automotive Consultants. "This is an unprecedented opportunity for Magna to build its core business...

Author: /time Magazine | Title: GM's Sale of Opel: Second Thoughts for Magna? | 8/28/2009 | See Source »

There were other stirrings in Bizonia. In Ruesselsheim, General Motors' Opel factory shipped 24 Opel Olympia two-door sedans to Belgium, Opel's first automobile exports since war's end. Young Henry Ford II visited his Cologne plant and promised to expand it into the biggest automobile factory in Europe...

Author: /time Magazine | Title: FOREIGN TRADE: Welcome from Bizonia | 3/22/1948 | See Source »

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