General Motors Europe units Opel and Vauxhall are expected to post a record $3bn pretax loss for 2009, Financial Times Deutschland said on Thursday.

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The figure shows the scale of the burden a buyer for Opel would take on, the paper said, citing sources close to the talks between the German government and Opel bidders.


GM provided the information about the expected loss to investors interested in Opel last month.


GM also presented Opel growth targets according to which revenue should rise to more than $30bn by 2012 from $22bn currently. The margin of earnings (EBITA) should reach 10%.


Analysts consider the targets too ambitious and said sector companies achieve EBITA margin of 8% to 9% only in good times.


Sources close to GM said this outlook was only one of several scenarios and depended on market growth.

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