German Chancellor Angela Merkel demanded clarity from General Motors (GM.N) about the future of its European arm Opel, even though European managers said reports of a potential sale were "pure speculation". "The chancellor has great empathy for the Opel employees who are put in a state of insecurity by rumours such as these," German government spokesman Steffen Seibert said on Friday. German media reported on Thursday that GM was considering putting Opel up for sale again, almost two years after ditching plans to divest the unit. Seibert said Merkel was irritated that GM had not reacted to quell rumors of a possible sale. The U.S. carmaker failed to comment on the reports on Thursday.
General Motors Company (GM) is a global automotive company. Shares of GM fell by 2.11% or $-0.62/share to $28.83. In the past year, the shares have traded as low as $28.39 and as high as $39.48. On average, 14661100 shares of GM exchange hands on a given day and today's volume is recorded at 5851852.
Source
