GM to retain Opel for at least 10 years, Opel spokesman says

Bloomberg News - General Motors Co. (GM) plans to retain ownership of German unit Adam Opel GmbH for at least 10 years, Opel spokesman Stefan Weinmann said, confirming comments by GM's vice president of global public policy Robert Ferguson to Bild Zeitung today. 

Ferguson gave the assurance to Volker Bouffier, the premier of the German state of Hesse where Opel has its headquarters, during a visit to the U.S. last week, Weinmann said by phone.

Weinmann also confirmed comments by Opel’s Chief Executive Officer Karl-Friedrich Stracke that the German carmaker’s access to the Brazilian market will continue to be restricted.

"In Brazil, the strategy is very clear: all vehicles sold by GM are sold under the Chevrolet brand name," Weinmann said. "This has been the case for dozens of years."