/ General Motors, Industry, News, Opel / Opel may appoint Neumann as CEO this week, report says

Opel may appoint Neumann as CEO this week, report says

Linked In Share
Opel may appoint Neumann as CEO this week, report says

Opel may appoint Karl-Thomas Neumann this week to lead its restructuring effort, people familiar with the matter told Bloomberg.

The former head of Volkswagen’s Chinese operations may be appointed as CEO on January 31 by Opel’s supervisory board. The unnamed sources said Neumann may take over in March

VW agreed to release Neumann from his contract three months before it expires in June, another source said. Neither Opel, nor Volkswagen commented on the issue. Thomas Sedran, Opel’s strategy chief, has been acting CEO after GM forced out Karl-Friedrich Stracke in July 2012.

51-year-old Neumann was passed over last June when VW created a new board position to focus on the Chinese operations and appointed Jochem Heizmann. Neumann previously worked at Volkswagen until 2004, when he left to join Continental AG. He was ousted as Continental CEO in 2009 after a dispute with Schaeffler AG, the German car-parts maker’s largest investor. He rejoined VW later that year. Opel sales chief Alfred Rieck, also a former VW executive, resigned last week after less than a year in the job.

GM wants to break even in Europe by 2015 after losing $17.3 billion on the continent since 1999. Within the next three years, GM Europe plans to cut $500 million in annual costs, after eliminating $300 million in spending and 2,600 jobs in 2012.

by Dan Mihalascu (my Google+) - Monday, January 28th, 2013 - filed under General Motors, Industry, News, Opel. Image credit: .
Linked In Share
Related Articles
Alfred Rieck auto execs auto executives bloomberg continental ag General Motors GM gm europe karl-thomas neumann Opel opel ceo Thomas Sedran


Discuss: Opel may appoint Neumann as CEO this week, report says

2 Responses to “Opel may appoint Neumann as CEO this week, report says”

  1. Susan Carter says:

    Word has it on other sites that VW were very happy to release Mr Neumann early as he has apparently managed to upset a few people there as well. So it would seem that three companies, Schaeffler, Continental and VW that, even given the current difficult times, are doing really well, don't want Mr Neumann, so one has to question Opel's decision. Both Schaeffler and Continental specifically have far exceeded expectations since Mr Neumann's departure with expansion plans globally including Russia, Hungary, Asia and the US. Still with Alfred Rieck leaving after only one week in the job with Opel maybe ……………………….. !

  2. @pip1306 says:

    Well I am not to sure what to think about that nomination. With Susan I kinda agree. Neumann has not made any friends at VW, it is said he was too ambitious. Similar with Continental/Schaeffler, as hes was strictly against the takeover and activly working against it. All three companies are doing fine now. Let's hope he can control Opel well and he can really turn this worn down company around.

Leave a Reply















Inautonews Facebook PageInautonews RSS FeedInautonews TwitterInautonews Youtube Channel

Sign up to receive our email newsletter on your email. It's safe. No spam!

Meet the McLaren P1 Satin Volcano Red by MSO
Meet the McLaren P1 Satin Volcano Red by MSOMcLaren Special Operations (MSO) has officially unveiled a Satin Volcano Red P1. The McLaren P1 is still catching the attention ...
Cadillac CT6 flagship sedan to be revealed in April – official
Cadillac CT6 flagship sedan to be revealed in April – officialCadillac has recently announced its plans to introduce its new CT6 flagship sedan next April, during the 2015 New York Auto ...
[VIDEO] Lamborghini Miura SV owner sues service shop after his ride blows up
[VIDEO] Lamborghini Miura SV owner sues service shop after his ride blows upThe owner of a Lamborghini Miura SV has decided to sue a service shop after his ride blew up. More than one year ago, we were ...
[VIDEO] Renault Megane RS 275 Trophy gets tested out
[VIDEO] Renault Megane RS 275 Trophy gets tested outThe Nurburgring king for front-wheel drive production vehicles, the Renault Megane RS 275 Trophy, has been recently tested out by ...
Add extra kit to your Ferrari 458 Speciale if you want to keep it
Add extra kit to your Ferrari 458 Speciale if you want to keep itYour Ferrari 458 Speciale order may be cancelled if you decide not to add some extra kit. Ferrari will be introducing a limited ...
Mazda CX-3 MPS gets rendered
Mazda CX-3 MPS gets renderedA rendering with the Mazda CX-3 MPS is previewing a possible range-topping version of the model. The brand new Mazda CX-3, which ...
[VIDEO] Toyota Mirai FCV – first drive review
[VIDEO] Toyota Mirai FCV – first drive reviewThe guys from Auto Guide have recently made the first drive review with the brand new Toyota Mirai Fuel Cell Vehicle (FCV). The ...
US drivers could buy even more cars in 2015
US drivers could buy even more cars in 2015Following the usual Black Friday auto deals festival and owing to the recent state of great health, the November figures are ...
Singapore – Ferrari LaFerrari delivered – costs 5m USD
Singapore – Ferrari LaFerrari delivered – costs 5m USDThe first ever Ferrari LaFerrari delivered in Singapore has been spotted recently as the hybrid supercar cost the owner the ...
Skoda Fabia R5 debuts in Essen
Skoda Fabia R5 debuts in EssenSkoda has officially pulled the wraps off the brand new Fabia R5 concept race car at the 2014 Essen Motor Show. The Skoda Fabia ...
AC Schnitzer dresses BMW X4 in Polizei livery
AC Schnitzer dresses BMW X4 in Polizei liveryThe famous German tuner called AC Schnitzer has pulled the wraps off a BMW X4 finished in a police livery. The BMW X4 has ...
US: Black Friday car deals could be overshadowed by New Year’s offers
US: Black Friday car deals could be overshadowed by New Year’s offersDealerships embarked in a massive car sale galore as the Black Friday deals enticed clients to make that long-awaited purchase. ...
US: pickup battle rages on even with Ford’s new aluminum F-150 approaching
US: pickup battle rages on even with Ford’s new aluminum F-150 approachingFord recently unveiled the much awaited fuel economy ratings for the new aluminum-body 2015 F-150 – with figures that seem ...
Lexus details RC F’s V8
Lexus details RC F’s V8Toyota’s luxury brand Lexus has released some additional information on the V8 petrol engine which is found under the hood of ...
US: Takata airbag crisis is still escalating
US: Takata airbag crisis is still escalatingWhile the US auto safety regulator NHTSA is asking Japan’s Takata Corp. to expand the regional recall to a nation wide level ...
Read more automotive news


2013 Frankfurt Motor Show Live Images

McLaren P1 Satin Volcano Red by MSO 1
Skoda Fabia R5 1
bmw x4 police ac schnitzer 1
Mercedes-Benz SL63 AMG World Championship 2014 Collector’s Edition 1
BMW 2-Series Active Tourer xDrive AWD 1
Audi TT Coupe by ABT Sportsline tuning 1
Spy-Shots of Cars
mclaren p1 crash dallas
ferrari enzo replica f430 based 1
2015 mazda2 coupe 1
Pagani Zonda 760RSJX 1
BMW M4 by AC Schnitzer tuning 1

More automotive from inautonews
McLaren Special Operations (MSO) has officially unveiled a Satin Volcano Red P1. The McLaren P1 is still catching the attention of MSO as the company’s special division has officially unveiled a Satin Volcano Red finished unit of the hybrid supercar. The model in question has the appealing body ...
read more
Inautonews Editors Section
Test Drive: Ford Fiesta ST
Test Drive: Ford Fiesta ST The current generation of the Ford Fiesta ST has been officially presented to the public back in March, 2012, during the Geneva Motor Show, and it ...
Test Drive: Renault Twizy – Back to basics
Test Drive: Renault Twizy – Back to basics Renault has been producing the Twizy for a couple of years now, in its Valladolid, Spain, facility but spotting one on European roads can turn out ...
Test Drive: Mercedes-Benz SL400
Test Drive: Mercedes-Benz SL400 The Mercedes-Benz SL is currently in its sixth generation and since the company has released a new entry-level, the SL400, which is basically the ...

Editors Section
Inautonews Editors Section
2012 Safest Cars list 2011 Safest Cars [Video] 2011 IIHS Safest Cars [Video] 2011 EuroNCAP Safest Cars 2010 Safest Cars [Video]

Latest in Safety US: Takata airbag crisis is still escalatingWhile the US auto safety regulator NHTSA is asking Japan’s Takata Corp. to expand the regional ... US: senators ready to decide if the NHTSA gets new bossMark Rosekind, a human fatigue and pilot-alertness expert has been nominated to end the hiatus at ...
Safety Section