Himfr.com reports The new GM's Opel operations to retain

In addition to SAIC-GM-Wuling and Shanghai GM, GM needs more products to support the expansion of its Asia Pacific operations.

A month ago, GM's new global president and CEO Henderson for the first time in China, for Opel's sales program is full of expectations, in answering a reporter's question, he disclosed that the case of Opel for sale "very likely" be finalized in a week between.
 
However, after less than a month, November 3, GM announced the end decided to keep the Opel business.

Significance of GM's Opel, "if I do not forced, GM can not sell Opel," November 9, a common condition of anonymity before the executives commented that in his view, the Opel is the case an important position, if the loss of Opel, GM and even is not really a global company.

Early in November, "baked" in the latest data show that in October, General Motors in the U.S. market to achieve sales of 177,603 units, compared with the same period last year, up 4%, which is has been since January 2008, GM sold in the U.S. market the amount of the first "meteoric."

GM said: In view of the past few months the business development of General Motors, Opel for continuous improvement, as well as the importance of GM's global strategy, General Motors board of directors decided to continue to retain the Opel brand, and its European operations for redevelopment.

In accordance with General said that the decision to benefit from the improvement of business environment in Europe. "Business is just an excuse to turn for the better, in fact, GM is simply unwilling to give up the European market," However, some analysts commented.

Earlier, during participation in the Frankfurt auto show, Henderson has said that Opel will sell 55% stake in the Canadian parts maker Magna and the Russian Savings Bank in early October the transactions will be signed before a final agreement. Since then, General Motors in turn set the deadline of 11 at the end.

In mid-October of this year's first visit to China, Henderson said: Even after the completion of the transaction to sell Opel and GM Opel are still holding 35% of the shares.

"The reason why GM will sell Opel parts companies instead of OEM manufacturers or OEMs, the most fundamental purpose is to not want to lose control of Opel," the GM before the executives that "GM still hopes one day to recover Opel. "

GM Opel in the European market as a strategic can not be replaced. A crowded European market is a market dispute, each brand in this market share is very average. Opel's market share in Europe, close to 10%, once the Opel's business were sold, meaning that GM has lost the European market.

Pick-up in the North American market and European markets, to retain and rebuild the same time, Henderson is also concerned about the new market - Asia-Pacific.

In the Asia Pacific market, China's market is all business in the most important part, and also achieved good results. November 9, General Motors China announced that its car sales in China, breaking 1.5 million mark, which is following the GM China sales of one million in 2007 after the break, once again refresh the multinational auto companies in China, sales of new benchmarking.

The Chinese market, GM is also engaged in a technological revolution. Early in November, General Motors and its Chinese joint venture partner SAIC also announced that with effect from December to start their car in the Chinese market information services. Prior to September 24, GM announced the formal establishment of the GM China Science Academy, as the General Motors Global R & D network is another important base.

It is said that GM is working with its partner SAIC to develop the Asia-Pacific market, and present, for the Asia-Pacific market products mainly from SAIC-GM-Wuling and Shanghai GM joint venture of the two products, the need for more general products to support the expansion of its Asia Pacific business, while the Opel GM and SAIC is likely to be an important bargaining chip to deepen cooperation.