Thursday, June 9, 2011

GM Denies Reports Claiming Plans to Sell its Opel Brand Possibly to the Chinese or VW Group

German car magazine Auto Bild and weekly Der Spiegel reported Thursday that General Motors is once again considering the sale of its Opel and Vauxhall units. The reports were dismissed as pure speculation by the Detroit automaker as well as a German state with an Opel factory, which called the news “nonsense”.

According to the news reports, GM allegedly was no longer in need of Opel’s know-how in manufacturing small cars as well as low emission and fuel efficient powerplants and that it could replace the German brand with its South Korean GM Chevrolet unit, formerly known as Daewoo.

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