De Lorenzi doesn’t expect big upside for Opel as result of Chevrolet exit from Spain.
MADRID – Nearly all of the 85 Chevrolet dealers in Spain have accepted settlement offers from General Motors following the automaker’s decision to pull the U.S. brand from the European market. In January, Chevrolet Spain offered its retailers (including the 35 who also sell Opels) compensation of about €600 ($828) per vehicle sold annually, with volumes based on a 3-year average of 2010-2012 results, prior to the big downturn in 2013. Dealers had until March 31 to agree to ...
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