FRANKFURT Oct 5 General Motors
reaffirmed its commitment to its ailing European arm Opel,
rejecting on Friday speculation it might be interested in
disposing of the loss-making brand to rival Fiat.
"Opel is not for sale. GM fully stands behind Opel," GM Vice
Chairman Stephen Girsky said in a brief statement sent by email.
Earlier on Friday, Italian daily Il Sole-24 Ore wrote in an
unsourced report that Fiat Chief Executive Sergio
Marchionne is ready to buy Opel if GM's alliance with France's
"Opel is a fully integrated part of GM's global footprint
and vital for GM's future success in Europe. The GM-PSA alliance
is fully on track," Girsky said in the statement.
Fiat had expressed interest in acquiring Opel -- known as
Vauxhall in the UK -- in 2009, only to see a consortium around
Canada's Magna be awarded exclusivity in negotiations
with GM that later collapsed.