FRANKFURT -- Opel declined to comment on a report that Volkswagen manager and former Continental CEO Karl-Thomas Neumann is set to become head of the money-losing General Motors Co. unit.
Neumann, 51, could become Opel CEO next summer after a non-compete clause runs out, the Financial Times Deutschland reported today, citing industry sources.
"Neumann at the top would be good for Opel. He has the caliber we need," the paper quoted an unidentified Opel board member as saying.
An Opel spokesman told Automotive News Europe: "As a general rule, the company does not comment on speculation about personnel."
Neumann was head of VW's China operations until June when he as replaced by VW veteran Jochem Heizmann and not given a new role in the company. He was touted as a possible successor to VW CEO Martin Winterkorn when he joined VW three years ago after he had quit Continental following a power struggle with controlling shareholder Schaeffler Group.
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