"This would help the brand to be more accepted in Germany and other European countries," he said.
Lutz said any potential model could be manufactured at an Opel plant in Europe.
"We should be able to find the necessary capacities," he said.
Lutz declined to disclose any details about production start-up or the model concerned. But Opel boss Carl-Peter Forster supports Lutz's plans.
"This would absolutely make sense," he said.
Lutz expressed satisfaction with the development of GM's European business, which reduced its loss from $115 million to $3 million in the second quarter of 2003. Opel made a profit in both the first quarter and the first six months of 2003.