FRANKFURT -- General Motors' German unit Opel will make an operating loss of about 300 million euros ($350.7 million) in 2005, less than earlier expected, a German news magazine reported on Sunday.
Citing company sources, a preview of an article to appear in Focus magazine said management had in August expected Opel to be about 340 million euros in the red at the end of the year.
Focus quoted Opel sales director Jean-Marc Gales as saying profit margins had risen, following cost-cutting in production, marketing and administration, and better sales figures.
"There is more left over from every car sold," Gales said.
Opel stopped reporting its results separately in 2004, instead including them with GM Europe's results. But a company source told Reuters in 2004 the operating loss that year was about 500 million euros. Opel made an operating loss of 384 million euros in 2003.