On Air Now

Current Show

Larry King   8:00 PM - 1:00 AM

Call the "DJ in PJs" at 1-800-833-9211 and maybe YOU will be on Classic Hits Radio with Late Night Larry!

Show Info »

Upcoming Shows

Program Schedule »

Tune in to Listen

1590 AM Coldwater, Michigan 95.5 FM Coldwater, Michigan

Weather

Current Conditions(Coldwater,MI 49036)

More Weather »
51° Feels Like: 51°
Wind: S 8 mph Past 24 hrs - Precip: 0”
Current Radar for Zip

Tonight

Mostly Clear 35°

Tomorrow

Partly Cloudy 70°

Mon Night

Partly Cloudy 48°

Alerts

  • 0 Severe Weather Alerts
  • 0 Cancellations

GM says won't sell Opel; Peugeot alliance on track

FRANKFURT (Reuters) - General Motors reaffirmed its commitment to its ailing European arm Opel, rejecting on Friday speculation it might be interested in disposing of the loss-making brand to rival Fiat .

"Opel is not for sale. GM fully stands behind Opel," GM Vice Chairman Stephen Girsky said in a brief statement sent by email.

Earlier on Friday, Italian daily Il Sole-24 Ore wrote in an unsourced report that Fiat Chief Executive Sergio Marchionne is ready to buy Opel if GM's alliance with France's Peugeot dissolves.

"Opel is a fully integrated part of GM's global footprint and vital for GM's future success in Europe. The GM-PSA alliance is fully on track," Girsky said in the statement.

Fiat had expressed interest in acquiring Opel -- known as Vauxhall in the UK -- in 2009, only to see a consortium around Canada's Magna be awarded exclusivity in negotiations with GM that later collapsed.

(Reporting By Christiaan Hetzner)

Comments