DETROIT-General Motors CEO says that the European car of the company is not for sale.
Media reports that GM wants to sell wrestling operation, which includes the brands Opel and Vauxhall.
"Opel is not for sale," CEO Daniel Akerson journalists said on Wednesday in Detroit, referring to the largest brand of GM Europe.
GM Europe is a bum money to GM, but it is an important centre for engineering and design. When former CEO Fritz Henderson was trying to sell the business shortly after GM'S 2009 bankruptcy, he was overruled by the Council of the number of small and medium-GM cars are based on the underpinnings of suggested Opel.
Nevertheless, high labour costs, restructuring costs and a distortion of the European sales caused $ 1.8 billion for GM Europe last year. However, GM has cut costs in recent times.
Reports in the German Spiegel and Auto Bild, the publication said that GM Europe could be sold on the Chinese companies or Volkswagen AG. GM says report speculation, but did not say definitively that the business is from the sale of a block.
In the company's annual general meeting of shareholders in June, has repeatedly lauded progress Akerson in Europe in the last two years.
"It's not just the abyss we looked at the 18 to 24 months," he said.
European business employs 40,000 people.
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