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Zurich: General Motors Co will probably stick to a plan to cut costs at Opel by 30% after deciding to restructure the European subsidiary itself rather than sell it, Bob Lutz, a GM executive set to become Opel’s chairman, was quoted as saying on Sunday. “The restructuring plan developed at the end of last year is still the basis for a profitable business model. The plan foresees a 30% cut in structural costs,” Lutz said. “We will now analyse the current situation carefully and propose relevant measures. We don't expect any fundamental differences to the models discussed so far.” GM will restructure Opel itself in a 3 billion-euro revamp. It also wants countries with Opel plants to help finance.
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