GM's Opel to stay in the red in 2005 - magazine

Newswire

FRANKFURT, Nov 20 (Reuters) - General Motors' German unit Opel will make an operating loss of about 300 million euros ($350.7 million) in 2005, less than earlier expected, a German news magazine reported on Sunday. Citing company sources, a preview of an article to appear in Focus magazine said management had in August expected Opel to be about 340 million euros in the red at the end of the year. Focus quoted Opel sales director Jean-Marc Gales as saying profit margins had risen, ...

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