BERLIN (AP) — General Motors Co. says it plans to largelywithdraw its Chevrolet brand from Europe
from the beginning of 2016,focusing more sharply on its main Opel and Vauxhall brands.GMsaid Thursday that
Chevrolet will no longer have a "mainstream presence"in Europe and said the decision was
"largely due to a challengingbusiness model and the difficult economic situation" on the
continent.GM has continued to lose money in Europe even as its performance elsewhere improves.Thecompany
says Chevrolet will still offer "select iconic vehicles" suchas the Corvette in Europe and will
retain a broad presence in Russia.CEODan Akerson says GM’s European operation will benefit from a
strongerOpel and Vauxhall and from plans to expand the Cadillac brand’spresence.Copyright 2013 The
Associated Press. All rightsreserved. This material may not be published, broadcast, rewritten
orredistributed.BERLIN (AP) — General Motors Co. says it plans to largelywithdraw its Chevrolet brand from
Europe from the beginning of 2016,focusing more sharply on its main Opel and Vauxhall brands.GMsaid Thursday
that Chevrolet will no longer have a "mainstream presence"in Europe and said the decision was
"largely due to a challengingbusiness model and the difficult economic situation" on the
continent.GM has continued to lose money in Europe even as its performance elsewhere improves.Thecompany
says Chevrolet will still offer "select iconic vehicles" suchas the Corvette in Europe and will
retain a broad presence in Russia.CEODan Akerson says GM’s European operation will benefit from a
strongerOpel and Vauxhall and from plans to expand the Cadillac brand’spresence.Copyright 2013 The
Associated Press. All rightsreserved. This material may not be published, broadcast, rewritten
orredistributed.