FRANKFURT -- General Motors will likely have to suffer yet another year of losses at its German unit, Adam Opel, a company source told Reuters on Wednesday.
"In view of the economic development, it's questionable whether Opel can get out of the red," the source said.
The Ruesselsheim automaker has struggled to generate a profit for years amid repeated restructurings.
GM Chief Financial Officer John Devine told analysts in mid-June that the group's European operations GM Europe (GME) would fail to reach its goal this year of breaking even.
Opel is the biggest of GME's units, which also include Britain's Vauxhall and Swedish carmaker Saab. GME announced a European restructuring programme to bind its units closer to its Zurich headquarters earlier this year.