Adam Opel AG, General Motors Corp.’s European subsidiary, posted a net profit of E87 million ($76.7 million) in 2001, thanks solely to the performance of its Opel Bank GmbH subsidiary. The banking unit, with profits of E260 million ($229.4 million), offset losses at the company’s core auto manufacturing and sales unit. That did little, however, to console the auto maker, which on an operating basis, saw a loss of E674 million ($594.8 million) in the year, significantly worse than the ...
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