UPDATE 5-GM to drop Chevy brand in Europe to focus on Opel

Newswire

* GM to shut Chevy in Europe in response to downturn * GM to focus resources on expanding Opel/Vauxhall brands * To result in net special charges of $700 million-$1 billion * Attempted Chevy revamp put it in competition with Opel * Chevy wind-down in Europe to hurt auto production in Korea By Edward Taylor and Ben Klayman FRANKFURT/DETROIT, Dec 5 (Reuters) - In a strategic about-face, General Motors ...

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