Opel on track or ahead for Q2-GM Europe head

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BRUSSELS, June 23 | Thu Jun 23, 2011 10:54am EDT

BRUSSELS, June 23 (Reuters) - Car maker Opel is on track or ahead for its second quarter earnings, the head of U.S. car maker General Motors' (GM.N) European operations said on Thursday.

"We release our second quarter earnings in July and we are on track, in fact we're ahead of track. Things are going ok," said Nick Reilly, president of GM Europe.

Rumours that GM was in talks to sell Opel surfaced earlier this month but a German newspaper reported that GM Chief Executive Daniel Akerson has reassured Opel that it was not in talks to sell it to a rival. [ID:nLDE75D1D4]

GM dropped plans to spin off Opel in 2009 after months of negotiations to sell it, embarking on a drastic restructuring to get the unit, which lost $1.6 billion last year, back on track.

(Reporting by Alysha Love; Editing by Helen Massy-Beresford)

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