General Motors Corp.'s (GM) European division Friday said it will present a plan Monday on how to save the company.

GM Europe President Carl-Peter Forster told reporters at the Opel brand's headquarters in Ruesselsheim near Frankfurt that the company needs EUR3.3 billion in capital.

The head of Opel's works council, Klaus Franz, said Opel may change its corporate structure, but aims to remain part of the GM network in Europe.

Company Web site: www.gm.com

-By Christoph Rauwald, Dow Jones Newswires; +49 69 29 725 512; christoph.rauwald@dowjones.com