GM Says Opel Brand Is Not For Sale


Salon Staff
January 11, 2012 8:18AM (UTC)

DETROIT (AP) — General Motors Co. Vice Chairman Steve Girsky says the company will not sell Opel, its struggling European brand.

Girsky said after a speech in Detroit on Tuesday that GM will keep Opel and is developing plans to fix it.

Earlier Tuesday Fiat and Chrysler CEO Sergio Marchionne (MAR-key-oh-nee) told reporters that he wouldn't close the door on potential partners when asked if he's interested in Opel.

Advertisement:

But Girsky says he spoke to Marchionne on Sunday and the topic of selling Opel was not mentioned.

GM's European operations lost $292 million before taxes in the third quarter.


Salon Staff

MORE FROM Salon Staff



Fearless journalism
in your inbox every day

Sign up for our free newsletter

• • •