Opel supervisory board approves turnaround plan

Newswire

FRANKFURT, June 28 (Reuters) - Opel, the ailing European arm of General Motors, took a key step towards returning the brand to long-term profitability, after its supervisory board voted in favour of a midterm business plan that included "massive" investments in its model range. "The plan approved today paves the way for a strong future for Opel. GM stands behind Opel and supports management and labour," said GM Vice Chairman Stephen Girsky in a statement on Thursday. (Reporting by ...

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