Bank Of Baku

GM declares Opel strategy a failure – paper

GM declares Opel strategy a failure – paper
# 05 December 2011 12:46 (UTC +04:00)
Baku - APA-Economics. General Motors has declared its strategy for turning around its European carmaking unit Opel a failure, Financial Times Deutschland reported on Monday, citing GM Vice Chairman Steve Girsky, APA reports citing Reuters.

"Unfortunately, our plan for making Opel profitable this year did not work," it cited Girsky as saying in New York.

It cited him as saying that Opel chief Karl-Friedrich Stracke would work out a new plan with the unit’s management.
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