/ Industry, News, Opel / Opel to cut production again by 10 pct in 2013

Opel to cut production again by 10 pct in 2013

Linked In Share
Opel to cut production again by 10 pct in 2013

German carmaker Opel, the European arm of General Motors is planning to cut production in Europe by more than 10 percent in the year that just begun, blaming weak demand for new vehicles in the old continent, German newspaper Spiegel reported on Sunday.

Following the announcement, Opel is planning to produce only 845,000 new vehicles in Europe in 2013. When asked by Reuters to comment the decision, a spokesman for the German company declined to comment, saying that “We want to keep our market share in Europe in 2013 stable.”

Opel’s market share in EU was about 6 percent in October, down from 6.6 percent a year earlier. (ACEA).

Of course, keeping the market share stable, would mean building fewer vehicles, given the situation in Europe, where, according to the Association of European carmakers (ACEA), car sales shrunk by 7.2 percent in January to November 2012.

Opel, which lost almost $1.8 billion in 2012 (estimation) and more than $16.5 billion since 1999 has announced that they will close as many factories as it can to save the company, mostly because, like many other auto companies in Europe, they are struggling with overcapacity. At this moment the company employs 38,000 people in Europe, of which over 50 percent in Germany. On the same time, its dealer network only in Germany employs another 30,000.

Officially, the company will close its 50-year old Bochum plant in 2016, a move that will kill about 3,000 jobs. That would be the second big hit for Bochum, after Nokia shut down its facility in the town four year ago, killing 4,000 jobs.

Important facts:
Total loses in 2011: $747 million
Total losses in 2010: $1.8 billion
Since 1999: $16.5 billion to $17.0 billion (estimation)
Opel market share 2012 ( 10 months ): 6 percent

 

by Mircea Serafim (my Google+) - Wednesday, January 2nd, 2013 - filed under Industry, News, Opel. Image credit: INA.
Linked In Share
Related Articles
ACEA europe opel 2013 opel europe opel production


Discuss: Opel to cut production again by 10 pct in 2013

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!

FIA could ease radio clampdown in Singapore
FIA could ease radio clampdown in SingaporeSep.18 (GMM/Inautonews.com) The FIA could back down over its newly-imposed radio communications ban. It was the hot topic of ...
Alonso, Vettel fend off seat swap rumour
Alonso, Vettel fend off seat swap rumourSep.18 (GMM/Inautonews.com) Fernando Alonso and Sebastian Vettel on Thursday batted away the most recent 'silly season' ...
Ecclestone takes blame for radio clampdown
Ecclestone takes blame for radio clampdownSep.18 (GMM/Inautonews.com) As day turned to night in the floodlit Singapore paddock, the big talking point was the FIA's radio ...
BMW i8 lapped Hockenheim in 1:15
BMW i8 lapped Hockenheim in 1:15The BMW i8 has been recently taken out for a spin on the famous Hockenheim track where the model managed to lap it in just 1 ...
Recall roundup: Fiat 500L for airbag problems
Recall roundup: Fiat 500L for airbag problemsFiat has issued a recall for the 500L vehicles because of a problem with the driver’s knee airbag, which can deploy ...
2015 Cadillac ATS Coupe configurator introduced
2015 Cadillac ATS Coupe configurator introducedCadillac has introduced the online configurator for the 2015 ATS Coupe, in the United States, where the model in question is now ...
Volvo XC90 R-Design officially unveiled
Volvo XC90 R-Design officially unveiledVolvo has pulled the wraps off the sportier R-Design version of the new-gen XC90, as the model in question will become available ...
EXCLUSIVE: Dacia Sandero RS to be sold as a Renault, will not reach Europe
EXCLUSIVE: Dacia Sandero RS to be sold as a Renault, will not reach EuropeThe rumored Dacia Sandero RS has been recently confirmed by the car manufacturer but the model in question will be sold as a ...
[VIDEO] See the Mercedes-Benz AMG GT on the Bonneville Salt Flats
[VIDEO] See the Mercedes-Benz AMG GT on the Bonneville Salt FlatsMercedes-Benz has released a new video with the recently unveiled AMG GT, where the sports car is being shown in action on the ...
[VIDEO] Lamborghini Huracan revving
[VIDEO] Lamborghini Huracan revvingA new video with the recently unveiled Lamborghini Huracan is showing the newest supercar in the company’s lineup while revving ...
Fiat 500X leaked once more
Fiat 500X leaked once moreThe Fiat 500X has leaked once again ahead of its public debut which will take place next month, during the 2014 Paris Motor ...
Ferrari LaFerrari for sale
Ferrari LaFerrari for saleA brand new Ferrari LaFerrari is currently being offered for sale in Dubai for a whopping 3.4 million USD. If you have missed ...
BMW 518d and 520d get updated
BMW 518d and 520d get updatedBMW has announced a series of updates for the 518d and for the 520 on its local auto market. The BMW 518d and the 520d have been ...
GM recall problems are far from over
GM recall problems are far from overRecently, with the number of recalls coming from the No.1 US automaker, insiders hinted the company is ready to put the safety ...
[VIDEO] Mercedes-Benz CLA Shooting Brake spied on the Ring
[VIDEO] Mercedes-Benz CLA Shooting Brake spied on the RingThe brand new Mercedes-Benz CLA Shooting Brake has been recently taken on to the famous German track the Nurburgring, where it ...
Read more automotive news


2013 Frankfurt Motor Show Live Images

Volvo XC90 R-Design 1
fiat 500x leaked 1
Black Ferrari LaFerrari for sale 1
bmw 5-series 1
Opel Adam S 1
Citroen C4 Cactus AIRFLOW 2L Concept 1
dacia dokker lodgy stepway 1
Mercedes-Benz V250 BlueTEC 4Matic 1
2015 Volkswagen Polo GTI 2
2015 honda civic coupe
lamborghini huracan crash hungary 1
mercedes-amg-gt-roadster-1

More automotive from inautonews
The BMW i8 has been recently taken out for a spin on the famous Hockenheim track where the model managed to lap it in just 1 minute and 15 seconds. The BMW i8 seems to get hotter and hotter with each passing week and after seeing it drift just a few days ago, time has come to find out that it is ...
read more
Inautonews Editors Section
Top 10 Ferrari F1 drivers No.1 Michael Schumacher
Top 10 Ferrari F1 drivers No.1 Michael SchumacherThe greatest driver of the modern age and perhaps the most complete off all-time he rewrote all the conceivable records in such a dominant fashion ...
Can Ricciardo do a Prost ’86?
Can Ricciardo do a Prost ’86?For the third time this season, Mercedes faltered in their 1988-esque campaign and there’s only one man ready to pounce whenever opportunities ...
Test Drive – Mercedes-Benz E250 CDI 4Matic
Test Drive – Mercedes-Benz E250 CDI 4MaticDaimler’s passenger cars division – which consists of the Mercedes-Benz and Smart brands – has vowed to recover the distance from its German ...

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 Recall roundup: Fiat 500L for airbag problemsFiat has issued a recall for the 500L vehicles because of a problem with the driver’s knee ... GM and Toyota recalls could be surpassed by Takata’s airbag issuesAt least 10 million vehicles were recalled by Toyota back in 2009 and 2010 for the “unintended ...
Safety Section