Opel had 2003 oper loss of 400 mln euros - report

Newswire

FRANKFURT, Jan 29 (Reuters) - Adam Opel, the German unit of auto giant General Motors Corp. , had an operating loss of about 400 million euros ($495.2 million) for 2003, a German newspaper reported, citing company sources. The Frankfurter Allgemeine Zeitung said in an advance copy of Friday's edition that the reason for the big loss was lower-than-expected sales. It said the second half of the year had been hit by strong competition and rebates. An Opel spokesman declined to comment. The ...

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