GM's Opel aims to cut costs, raise vehicle sales

Newswire

FRANKFURT, Aug 2 (Reuters) - General Motors said it did not react to a deepening of the crisis in Europe quickly enough and said it was working hard to improve the profitability of German unit Opel. "Part of that are reductions in production costs, raising vehicle sales and achieving higher profit margins," GM Europe President and Opel supervisory board Chairman Stephen Girksy said in a statement after GM published quarterly results on Thursday. "We are also ...

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