GM board opts to keep Opel

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11-05-2009, 11:54 AM

#16

jg95z28

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Quote:

Originally Posted by guionM

I believe that this group looked at the prospect of selling their key FWD chassis (Espilon and Delta) to potential competitors in both the European and North American markets, realized they would have to aggressively expand Chevrolet globally to make up for Opel, did a cost analysis on both prospects, and the Board said "Screw That!"

Next thing we know, deal's off, and GM gives the Germans their money back.

Which is why selling Opel without any option of GM being able to "buy back in" once they were financially strong enough never made any sense. GM needs both the Opel brand and technology. Without it, they would have either had to invest in starting over with FWD in Europe and North America; or bailed out of Europe altogether and move North American FWD to Asian built technology. Neither was going to happen.