GM Won't "Cut and Run" From Opel: Akerson
GM CEO Dan Akerson re-affirmed his committment to Opel while speaking at company headquarters in Ruesselsheim, Germany.
A copy of the speech obtained by Reuters has Akerson re-assuring workers that GM is in it for the long haul with respect to Opel.
“As a global auto company, GM needs a strong design, engineering, manufacturing and sales presence in Europe. There’s room for Chevrolet in Europe but Opel fulfills that role…Recommendations that we ‘cut and run’ show you that some people simply do not see how important Opel is to our success.”
There has been significant pressure from analysts to divest from Opel, but Akerson’s speech appears to be a strong signal that GM will hang on to Opel until the bitter end.