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http://www.leftlanenews.com/gm-puts-all ... -sale.html
so much for nice looking Buicks n shit.
this is the only Complete finished well fitting designed brand that GM had IMO
Despite earlier conflicting reports, a General Motors regulatory filing indicates that the automaker would be willing to sell all of its German subsidiary, Adam Opel GmbH. As recently as yesterday, GM CEO Fritz Henderson had said that the automaker was not willing to sell off 100 percent of the unit, but the filing indicates otherwise.
“We are continuing to work toward a restructuring of our German and certain other European operations, which could include a third-party investment in Adam Opel GmbH that would own all or a significant part of our European operations,” the filing said.
Again, the automaker has been mum on the names and level of interest of outside parties, though Fiat and Magna International repeatedly come up as possible suitors. Still, it seems unlikely that Fiat’s creditors would approve investment in both GM and Chrysler.
If GM were to sell all of Opel, it would significantly reduce the automaker’s reach in Western Europe, where GM Daewoo-built Chevrolets and the occasional Corvette or Cadillac make up a small portion of the automaker’s market share. Likewise, GM’s rumored plans to import Buick-badged Opels, or to build Opel designs in North America, would seem unlikely should the Detroit automaker sell the German unit.
“We are continuing to work toward a restructuring of our German and certain other European operations, which could include a third-party investment in Adam Opel GmbH that would own all or a significant part of our European operations,” the filing said.
Again, the automaker has been mum on the names and level of interest of outside parties, though Fiat and Magna International repeatedly come up as possible suitors. Still, it seems unlikely that Fiat’s creditors would approve investment in both GM and Chrysler.
If GM were to sell all of Opel, it would significantly reduce the automaker’s reach in Western Europe, where GM Daewoo-built Chevrolets and the occasional Corvette or Cadillac make up a small portion of the automaker’s market share. Likewise, GM’s rumored plans to import Buick-badged Opels, or to build Opel designs in North America, would seem unlikely should the Detroit automaker sell the German unit.
this is the only Complete finished well fitting designed brand that GM had IMO
The Original
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