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GM Plans to Breakeven in Europe by 2016


GM plans to breakeven in the European market by 2016. Last year Opel reported a loss in Europe of more than £1.1billion, compared with its profitable North American parent company. Stephen Girsky, GM's vice-president and chairman of the Opel supervisory board, confirmed the automaker’s plan to get back to profitability by around 2015 or 2016 and remain committed to GM Europe. Girsky ...
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Geneva Motor Show LIVE: Opel Zafira Tourer 1.6 CDTI
At this year's Geneva motor show, Opel introduces an all-new diesel engine, the 1.6 CDTI ECOTEC. The cleanest diesel engine in the company’s history is showcased in the Zafira Tourer. Equipped ...
Geneva Motor Show LIVE: Opel Adam Rallye R2
Following Opel's official return to motorsport with the ADAM “Cup” in November 2012, the carmaker now presents at this year’s Geneva Motor Show a new Rallye Cup variant of its ...
Geneva Motor Show LIVE: Opel ADAM ROCKS Concept
At the Geneva Motor Show, Opel displays the ADAM ROCKS Concept, an urban mini-crossover study that shows the potential for individualization of the ADAM city car. The 3.7-meter long ADAM ROCKS ...
Report: Opel’s new CEO will stick to restructuring plan
Opel's new CEO Karl-Thomas Neumann backs the carmaker's restructuring plan. According to a report from Automobilwoche cited by Automotive News Europe, the former VW executive has seen the Drive 2022 plan ...
Opel signs 4-year sponsorship deal with Feyenoord Rotterdam football club
Opel and legendary Dutch football club Feyenoord Rotterdam have agreed a sponsorship deal until 2017, which will earn the Rotterdam club €5 million a year. The Opel name was last seen ...
First Opel Cascada rolls off the assembly line in Poland
The first Opel Cascada convertible today rolled of the assembly line in the company's Gliwice plant in Poland. Along with the new Mokka and Adam, the new Cascada is the first ...
Opel and Vauxhall plants to build cars for other GM brands
General Motors is set to approve making non Opel Vauxhall brand models in its European plants, including its UK plant at Ellesmere Port. GM Europe president Steve Girsky said the company ...
CEO Dan Akerson bought 25,000 GM shares for $662,500
General Motors CEO Dan Akerson bought 25,000 shares of GM stock, according to a filing with the Securities and Exchange Commission. The executive bought the shares at a price of $26.50 ...
General Motors wants to end Opel labor talks this month
General Motors believes it can reach a deal in the next few days with German labor unions over a restructuring of Opel. GM vice chairman Steve Girsky told Reuters that he ...

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