Opel’s Works Council in Germany has asked parent General Motors for clarification regarding potential sale rumours.
Speculation has been rife that GM is mulling a possible sale of its European arm, although Opel chairman Nick Reilly insisted last week the American owners were “very satisfied” with progress.
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“We asked Opel that they should say there will be no selling of Opel, but they can’t say so clear[ly] like we wanted,” a Works Council source in Germany told just-auto.
“We asked them also ‘ask Detroit’ to give us a statement and they said because of the SEC [Securities and Exchange Commission] rules, they can’t say anything for or against.”
Rumours the US manufacturer was mulling a possible Opel sale came to light last month, although German reports indicated GM CEO Dan Akerson had told his European arm there were no discussions to sell.
“Opel/Vauxhall is important for GM because we are the European brand of GM, not Chevrolet,” said the Works Council source. “We have got the technology for all the mid-class cars.
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By GlobalData“They need us – they are just silent.”
GM Europe posted a profit in Europe during the first quarter and Opel increased monthly market share for the seventh month in a row on a year-on-year basis, Reilly noted last week.
Opel was not immediately available for comment.
