Business Latest News: GM Reaffirms Plan to Move Opel up Market in Europe

Wochit 0:53 mins

General Motors Co reiterated a plan to position its struggling Opel line as a more expensive brand in Europe, while carving out a space for its mainstream Chevrolet nameplate as its value offering on the continent. China is investigating Swedish packaging giant Tetra Pak over the possible "misuse of its market dominance", state media reported. Authorities have ramped up scrutiny of foreign firms in the world's Number 2 economy. Lululemon Athletica Inc Chairman Dennis "Chip" Wilson is looking to sell up to 3.4 million shares of the yogawear retailer, reducing the stake he controls in the company to 25 percent from 28 percent, according to an SEC filing.

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