Thursday, November 27, 2008

Solar World offers to buy GM's Opel

SolarWorld wants to develop Opel into "the first 'green' European automotive group" and "produce a new generation of vehicles with energy-efficient, low-emission drives," according to a company statement. It would specifically use the existing Opel model line, modifying it to include electric drive and hybrid electric vehicles. - Candace Lombardi

NVDL: It is far more realistic to attempt to produce solar powered vehicles than electric vehicles, unless your electrcity comes from solar power. Anything that lowers the total energy consumption of human beings must provide a sustainable solution.
clipped from

SolarWorld's offer to General Motors is no joke. The German-based solar-power company is serious about wanting to purchase GM's Opel division, SolarWorld CEO Frank H. Asbeck said Thursday morning on German radio.

SolarWorld announced on Wednesday that it's in the process of making an offer to General Motors for its Adam Opel (aka Opel) division for about 1 billion euros ($1.3 billion).

GM, which is currently seeking a multibillion-dollar bailout from the U.S. government, publicly dismissed SolarWorld's offer on Wednesday.

"This is pure speculation. We are not going to comment on that. Opel is not for sale," Karin Kirchner, a GM Europe representative told Reuters.

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