They say, where there�s smoke, there�s fire, and true enough in the case of GM�s relationship with its European subsidiary Opel, there seems to be a lot of smoke piling up lately. Just yesterday, press reports from Auto Bild and Spiegel Online said that GM is looking for a buyer, but the news was quickly dismissed by spokespeople from both Opel and the government of Germany's state of Thuringia, home to one of the brand�s factories.
Today, Reuters came out with a new report saying the Detroit automaker is �frustrated� with its money-losing Opel brand and is �considering options for a turnaround�, noting, however, that a sale of the Opel brand is highly unlikely.
"Akerson is fed up with Opel, and the turnaround isn't gaining traction," a unnamed source who is close to the GM CEO told Reuters. "He is trying to think of all possibilities to improve performance. But a sale is wishful thinking,� the source added.
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