General Motors CEO Reaffirms No Sale of Opel Brand

According to Reuters news, General Motors CEO Dan Akerson reiterated that it will not sell Opel brand, and strive to make Opel successful with a new cost structure.

Akerson said in an interview with the Financial Times Deutschland on Thursday: "Opel has contributed to our global expansion. We will never sell Opel."

Rumors about the future of Opel began in early June of this year - German media reported that the Opel brand will be sold. The acquirer may be a Chinese automaker or Volkswagen.

Akerson added that GM will be profitable in the second quarter of Europe. With its new cost structure, Opel will make a big difference and even succeed, not just to survive.