GM Keeps Opel, Vauxhall but not SAAB
American automaker General Motors has decided not to sell German Opel and British Vauxhall. On announcing the decision in Detroit, GM chief executive Fritz Henderson said the plans to let go of Sweden’s SAAB had not changed. He motivated the move to keep Opel and Vauxhall with an upswing of car sales over the last few months.
First German reactions were negative. A government spokesman said this made the future structuring of the Opel corporation uncertain again. He also said that the government would now demand refunding of the 2.2 billion dollar loan earlier granted to General Motors.