The move comes as Opel, which is also recognised for carrying the badge of Vauxhall in the UK, enters its fourteenth year of losing money. This long period of making loses has sparked a great deal of speculation that the business might be sold.
Despite these rumours, GM’s chief executive, Dan Akerson said: “As a global automotive company, GM needs a strong presence in Europe and therefore we see Opel as key to our success. As such it continues to enjoy the full support of its parent company.”
Akerson went on to state that Opel is hugely important in terms of design and development as well as manufacturing and sales. “GM wishes to place on record that it is fully supportive of the Opel turnaround plan.”
