GM Calls Volkswagen's Opel-Selling Comments "Regrettable"

Blake Z. Rong
by Blake Z. Rong

Well, this is awkward. Volkswagen said some while back that GM might be selling Opel, possibly to them. It was a statement made by a chief executive, then repeated by German media, then finally catching the attention of GM itself. And now GM is distancing itself from such rumors, calling the statement “regrettable.”

“In Wednesday’s edition of the Frankfurter Allgemeine Zeitung, Volkswagen CEO Martin Winterkorn commented on rumors regarding Opel,” said GM in a tersely-worded statement, “which continues a regrettable pattern of fanning speculation as Opel makes solid progress in its restructuring, in generating improved operating results.”

Opel’s chairman is “very satisfied” with his company’s results, yet also said that they do not comment on speculation.

“Opel has been part of the GM family since 1928 and remains important to the company,” GM said. “GM is pleased with Opel’s solid progress over the last year in turning around its business, and the company continues to invest in outstanding products for the European market.”

[Source: Reuters]

Blake Z. Rong
Blake Z. Rong

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