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Given its recent financial performance and the fact that that GM’s CEO isn’t happy about the situation, nor the time it’s taking to re-structure Vauxhall/Opel; rumors have been flying once again that the General’s European operations might be up for sale.
However, during a recent phone conversation between Dan Akerson and Opel boss Karl-Fredrich Strake, the former assured the latter that GM isn’t in talks to sell Opel.
Nevertheless, speculation, particularly in the German media continues, with reports that GM is ‘reviewing options’ for its European unit, with possibly Volkswagen AG and Bejing Automotive Industry Holding Co being named as potential buyers.
German Chancellor Angela Merkel and local labor groups have asked GM to go on the record and comment on the rumors that Opel might be for sale, though so far, the automaker has declined.
[Source: Automotive News]