By Andreas Cremer and Jan Schwartz
BERLIN/HAMBURG (Reuters) - General Motors'
Neumann, previously head of VW's
Neumann, who was also CEO of auto parts and tire maker Continental
Fixing Opel, which trades as Vauxhall in Britain, has become a top priority for GM chief executive Dan Akerson, who has demanded an end to the $3.5 billion in underlying losses racked up after the U.S. parent emerged from bankruptcy in 2009.
Financial Times Deutschland reported the move late on Thursday, saying that Neumann's appointment still required approval of Opel's supervisory board.
The earliest Neumann would take over as Opel CEO was next summer due to barring clauses, FTD said, without citing its sources.
GM, which said on Wednesday it expects a full-year operating loss of $1.5 to $1.8 billion in Europe, had appointed Thomas Sedran, formerly with turnaround consultants AlixPartners, as interim CEO on July 17.
Neumann is in advanced negotiations with Opel after he and VW agreed to terminate his contract earlier this summer following a reshuffle of managers at the VW group, one of the sources said. Neumann, aged 51, took the helm of VW's China operations on Sept 1, 2010.
VW and Opel declined to comment. (Reporting By Andreas Cremer; Editing by Victoria Bryan)