General Motors Corporation (General Motors Corp.) Scheduled to be submitted this week to sell its core business in Europe Opel (OPEL) equity plan, with a view to win the German and other European countries provided 3.3 billion euros (about 4.18 billion U.S. dollars) aid.

General Motors Corp. this week is scheduled to submit the plan to sell stake in Opel company management said that according to the first scheduled for Monday announced plans to sell GM's Opel at least 25% equity, and reduce the cost of 1.2 billion U.S. dollars.

Insiders disclosed that GM might consider closing or selling up to four European factories, one of two based in Germany. It is reported that a sale of the Swedish brand Saab Factory subordinate (SAAB), GM is working to assist the Government of Sweden under the brand quit.

In exchange for the support of the German government to sell stake in Opel's act shows that GM is on the chief executive Rick Wagoner (Rick Wagoner) strategy pursued in recent years to make major adjustments, but also shows the growing liquidity crisis has forced the company to embark on a Prior to changes in the road is hard to imagine.

GM Chief Operating Officer Frederick Henderson • (Frederick Henderson) on Friday in Detroit, said the company is substantial in Europe adjust their business plan and to adjust said at the business on the problem in advance he would not refuse any选择.

He said that the necessary support for GM, we need all options open-minded.

In order to maintain operations, GM has moved from the United States and other countries where the government got up to find 44 billion U.S. dollars of aid money, but also for these rescue, GM committed to Wagner significant adjustments to the strategy.

The German government worried about a GM aid could lead to a reduction rather than remain in the position in Germany, and GM may use relief funds from Germany to reorganize their operations the United States.

At the same time, Germany is facing political pressure from the unions, they requested the assistance Opel GM's largest brand in Europe, and strive to retain 25,000 jobs the company, if taking into account the component suppliers, this quantity will increase more than doubled.

Opel will help the German government in its relief funds on how to use the questions have more right to speak.

In the past decade, GM's European operations have been at a loss or breakeven Walking back and forth between the business in 2008 when a loss of 2.88 billion U.S. dollars. Prior to turning GM's basic strategy is to improve vehicle sales revenue, a stable market share.

Early in 1929 was incorporated the Opel GM's European operations accounted for sales of around three-quarters in the United Kingdom, the brand name Opel Vauxhall. Wagner and his management team in attempting to integrate previously scattered in Europe, Asia, North America and Latin America business, Opel sedan because of its ability to develop in the long line of GM in global business from Yingshang out.

In addition to developing such as the Opel Insignia Opel cars, the Opel for the Chinese market for high-end Buick (Buick), the United States of Saturn (Saturn) to provide technical product research and development, and for a time to dominate the next-generation Chevrolet Chevrolet Malibu design. This week some of GM's executives will meet Switzerland, to attend the Geneva Motor Show.