BERLIN -- General Motors Co. plans to retain ownership of its German unit Opel for at least 10 years, Opel spokesman Stefan Weinmann said, confirming a German newspaper report.
GM's vice president of global public policy Robert Ferguson gave the assurance to Volker Bouffier, the premier of the German state of Hesse where Opel has its headquarters, during a visit to the U.S. last week, Weinmann said.
Ferguson's comments were reported in the Bild Zeitung on Monday.
Weinmann also confirmed comments by Opel's CEO Karl-Friedrich Stracke that Opel's access to the Brazilian market will continue to be restricted.
"In Brazil, the strategy is very clear: all vehicles sold by GM are sold under the Chevrolet brand name," Weinmann said. "This has been the case for dozens of years."