"Opel should have a greater independence and autonomy in the future, but it should also not stand isolated," he told the German newspaper Bild. "GM must now smooth things out and win back trust. That requires a lot of sensitivity and tact."
General Motors decided last week to scrap the sale of Opel to Magna International and start a 3 billion euro restructuring process which it hopes will bring the German brand among the top players of the industry. Magna, the big loser of the deal, said it will continue to collaborate with both GM and Opel in the supplying business.
"We understand that the Board concluded that it was in GM's best interests to retain Opel, which plays an important role within GM's global organization. We will continue to support Opel and GM in the challenges ahead and wish to thank everyone who supported the Opel restructuring process for their tireless efforts and dedication over the past several months. In particular, we wish to thank our partner, Sberbank, for its significant contribution and support throughout this process," Siegfried Wolf, Magna's Co-Chief Executive Officer, stated in an official statement.
At the same time, the Canadian - Austrian partsmaker emphasized that it only wants to focus on its core business for the time being and won't attempt to purchase a different automaker for now.
"We're not looking at any other transactions in that space," Don Walker, co-CEO, said in a statement last week.
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