
The GM bankruptcy is independent of its foreign subsidiaries. This includes GM Europe which makes Opel products.
GM Europe has itself been rescued through a German government brokered deal selling portions of the company to Canadian auto parts maker Magna and Russian lender Sberbank. Magna will own 20%, Sberbank 35%, GM 35%, and Opel auto workers 10%.
Magna CEO Frank Stronach has strongly voiced his plans to move his company into electrification of the automobile, and indeed the company is already known to be partnering with Ford to bring their EV Focus to market in 2012.
“About two and a half years ago we made a commitment to be in the electric car business in a very serious way,” said Stronach. “First of all we’d like to supply all car companies with electrical systems but we also have the intention to build electric cars.”
And in time says Stronach “I am very confident that Magna will be amongst the leaders in selling and building electric cars.”
Where it gets interesting and potentially threatening to the Volt’s competitiveness is that the fact that the Opel Ampera is the sister car to the Chevy Volt and therefore contains the same proprietary Voltec drivetrain. Production of the Ampera remains on track for a European launch in 2012.
A consideration for speculation is whether Magna’s ownership position could give them access to proprietary Voltec intellectual property and competitive information which the company could then use in either building its own electric cars or those of other automakers like Ford.
“Certainly it would be too early to make any judgments about that, but I don’t think it would make an impact,” said Jon Lauckner, GM’s VP of product development. “Magna is acting as a supplier to Ford, so we are going to have to wait and see, quite frankly we haven’t had any discussion on it.”
Emails to representatives at Magna have gone unanswered.
Magna expects to close the deal by September, and Opel Chairman Carl Peter-Forster told Reuters they write “a lot of details of Canadian auto parts group Magna International’s deal to buy the company still needed to be clarified.”


















