09 June 2011 19:02 [Source: ICIS news]
LONDON (ICIS)--General Motors (GM) and its European unit, Opel, on Thursday dismissed as speculation reports saying that it planned to sell Opel to a Chinese firm.
In 2009, GM cancelled plans to sell Opel, which includes the UK Vauxhall brand, to a consortium of Canada-based car parts giant Magna and a Russian group.
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The reports come as prospects for car sales in Europe seem relatively poor, compared with the long-term growth outlook in
The automotive sector is one of the chemical industry's key end-use markets. The American Chemistry Council (ACC) estimates that a typical automobile contains an average of $2,700 (€1,863) worth of chemicals.
($1 = €0.69)
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