In the midst of bankruptcy, GM announced plans to sell Opel to Magna International. The company later reversed that decision, but a new report is indicating Opel may once again be headed to the auction block.
According to German newspaper Der Spiegel, GM is growing tired of Opel's mounting losses and isn't convinced that the brand is integral to their operations. That's not much to go off of, but the newspaper is also reporting that leading suitors include Volkswagen and unnamed Chinese automakers.
While the reports are interesting, we're taking them with a heavy dose of skepticism. It's true that Chevrolet and Cadillac are going to play a larger international role, but GM CEO Dan Akerson recently confirmed that regional brands - like Opel and Holden - will continue to play an important role in the company's future. In addition, Opel CEO Karl-Friedrich Stracke dismissed the reports as "mere speculation" from "competitors who want to distract from the fact that we are successful in the market again."
