Opel joins HUMMER, Saturn in General Motors Firesale
General Motors is an international company. Thus, it's not surprising the troubled automaker is looking to sell its assests abroad as well as back home here in the states. Case in point: Opel Per Leftlane News: 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.
Despite the recession, look for Volkswagen to become a major player in the U.S.