Opel Question: To Sell or not to Sell

March 16, 2013 at 12:00 pm

General Motors has denied rumors of a possible sale of its loss-making European division of Opel to the Italian Fiat, and also confirmed the intention to develop a partnership with the French Peugeot. It appears that the successful presentation of Opel at the Geneva Motor Show of the new models of the company has ensured the company that maybe year 2013 will be not that bad for this traditional German automaker.

2013 Opel Adam

2013 Opel Adam Pic

“Opel is not for sale. GM is absolutely sure about Opel”, – said the vice-chairman of GM Stephen Girski in a brief statement. Earlier this week the Italian press reported without reference to the source, that the head of Fiat, Sergio Marchionne is ready to buy Opel in the event of the collapse of GM alliance with Peugeot.

2013 Opel Astra

2013 Opel Astra Photo

“Opel – a fully integrated part of GM global business and plays a vital role in the future success of GM in Europe. Alliance GM-PSA is developing at full speed,” – said in a statement GM once again reassuring all the questionable remarks. Fiat showed interest in buying Opel in 2009, but then the GM refused to sell it and continues to stay firm on this statement!

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