Better late than never: After refusing for months to comment on rumors that Opel might be up for sale, and after having been lambasted from his own workers up to Germany’s government, GM CEO Dan Akerson said the magic words: “We don’t comment on speculation — and there has been a lot of speculation — but I will say this: Opel is not for sale.”
Akerson made the remarks at a GM plant while celebrating the official launch of labor talks with the UAW, Reuters reports.
The rumors had started early June when both Der Spiegel and Auto Bild, two papers at opposite ends of the colorful journalistic spectrum of Germany, had written that GM and especially Akerson could throw in the towel on Opel and will put the loss making European division up for sale. Workers and dealers wanted a clear denial from Akerson.
Nearly two months later, they have it.
Meanwhile in Germany, the restructuring of Opel’s Bochum plant is nearly done. There are 155 holdouts that refused to accept golden parachutes of up to $360,000 a head. They have until August 15 to accept. If they won’t, they will get fired, says BILD Zeitung.