The fate of Pontiac was sealed earlier on Monday but General Motors won’t make a decision on its Opel/Vauxhall brands until sometime next month. GM is currently in talks with several Opel/Vauxhall suitors, but won’t make a decision on the matter until May at the earliest.
At a press conference held in Detroit on Monday, GM CEO Fritz Henderson revealed talks are ongoing for the European brands, but no decisions have been made. “These discussions continue as we speak through April and will continue into early May,” Henderson said.
It was revealed last week that Fiat and Canada’s Magna International are among the Opel/Vauxhall suitors, but it remains to be seen if there is a clear frontrunner. At least one Chinese firm is also involved in the bidding process.
Although GM will be selling a majority stake in its Opel/Vauxhall brands, Henderson said the company won’t be completely cutting all ties. GM plans to still lean on the European automakers for powertrain and platform development.
Henderson added he is confident Chevrolet will be capable of picking up the slack left by the departure of Opel and Vauxhall, GM’s two most well-established European brands.
