Morgan Stanley says GM should bail on Opel [cardvd-player.net]

General Motors must move away from its European brand and solve their losses, financial institution, said in a report this week.

Analysts at Morgan Stanley said Thursday that GM Opel has cost $ 10 billion $ 20 billion in the last three years, and if GM brand keeps costs up to an additional 12 billion euros in the next 10 years. Could cost also completed the sale of Opel GM to $ 13 billion, the report said.

GM considers selling the brand three years ago, when the company went bankrupt. However, this plan does not ultimately, if the board rejected. Since Opel has had several changes in leadership and remains plagued by financial problems.

Course is to support GM Opel in public. “We want Opel are committed and believe we can restore long-term viability,” GM spokesman Jim Cain told the Detroit Free Press in an e-mail.

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This entry was posted in Opel and tagged europe, financial crisis, general motors, GM, morgan stanely, opel. Bookmark the permalink.

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