General Motors Co (GM.N) on Wednesday called comments made by Volkswagen AG's (VOWG_p.DE) chief executive about a possible sale of the U.S. automaker's Opel unit "regrettable." "In Wednesday's edition of the Frankfurter Allgemeine Zeitung, Volkswagen CEO Martin Winterkorn commented on rumors regarding Opel, which continues a regrettable pattern of fanning speculation as Opel makes solid progress in its restructuring, in generating improved operating results," GM said in a statement. Speculation about Opel's future began in early June with reports by German media that the European unit could be sold and possible buyers included Chinese automakers or Volkswagen. Opel Chairman Nick Reilly on June 30 said GM was "very satisfied" with Opel's progress, but failed to quash rumors GM was mulling a sale, saying the company does not comment on speculation. GM dropped plans to sell Opel in 2009 after months of negotiations, and embarked on a restructuring to get the unit, which lost $1.6 billion last year, back on track.
General Motors Company (GM) is a global automotive company. Shares of GM traded higher by 0.23% or $0.07/share to $30.75. In the past year, the shares have traded as low as $29.17 and as high as $39.48. On average, 14567900 shares of GM exchange hands on a given day and today's volume is recorded at 8050607.
Source
