UPDATE 1-Opel supervisory board approves turnaround plan

Newswire

* Management, labour approve plan through 2016 * No concrete forecast given for Opel's profitability * GM sees strong future for Opel - GM Vice Chairman (Adds details and background) 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 ...

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