“(Reuters) – Just hours after General Motors (GM.N) abruptly fired Karl-Friedrich Stracke as chief executive of Opel last week, industry observers were already beginning to ask whether it was time to start writing the troubled European unit’s epitaph.
Since GM emerged from bankruptcy three years ago, Opel has racked up $3.5 billion in underlying losses thanks to an ever shrinking European car market, a bloated fixed cost base and an image that GM has helped bring low.”
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