Selling or otherwise divesting its money-losing Opel unit in Europe is General Motors Co.
's best option, a Wall Street analyst said today. Morgan Stanley analyst Adam Jonas said in a research note that losses in Europe do not seem to be nearing an end and exiting Opel, while costly upfront, could be the best move. He estimated selling Opel could cost GM up to $13 billion, including upfront restructuring, an equity contribution to a buyer and funding Opel's pension obligations.
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