FRANKFURT -- General Motors CEO Daniel Akerson assured the head of Opel that the U.S. carmaker was not in talks to sell the European arm to a rival, a German newspaper reported.
Akerson spoke with Opel CEO Karl-Friedrich Stracke on the telephone, Handelsblatt reported, citing a person familiar with the matter.
German media reported last week that GM was considering putting Opel and its UK sister brand Vauxhall up for sale because Akerson is impatient with the slow pace of restructuring at the money-losing division.
Volkswagen and China's Beijing Automotive Industry Holding Co. were named as possible buyers.
GM has so far not commented on the reports, despite calls from labor representatives and German Chancellor Angela Merkel to make a public statement on the future of Opel.
People familiar with the matter told Reuters on Thursday that GM was reviewing options for the European unit.