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A source close to General Motors said that Bob Lutz, the company’s marketing head, will become chairman of the supervisory board of Opel to help the restructuring plan. Lutz, 77, will not take a direct management role in Opel the source said. He is already a member of the Opel supervisory board, which meets three to four times a year.

Earlier this morning, it was reported that the current CEO of Opel, Carl-Peter Forster, is leaving GM of Europe after the Detroit automaker decided to keep Opel instead of selling it to Magna International.

GM said that it expects the restructuring of Opel to cost 3 billion euros ($4.42 billion USD).

- By: Omar Rana

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