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GM’s European Unit Opel Might Break Even Before the 2016 Target


It seems that Opel, GM's European unit, might break even before its previous target date, which is 2016. Opel might take advantage of GM's fallout from the massive recall which is estimated to make the automaker lose $1.3 billion. GM's European unit has been reporting declining sales and heavy losses over the years, becoming theUSautomaker's biggest headache. GM decided to bring ...
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Analyst – GM Europe challenging for new CEO
As incoming CEO Mary Barra prepares to take the reins at General Motors, her biggest challenge will be to accelerate the turnaround of the automaker’s European business. Chronic loss-maker General Motors ...
Opel and GM Europe still loosing money, but on the right track
As GM reported its third quarter earnings, with strong performances in its core North America market, it also talked about its money loosing European Business, with Opel reporting an operating ...
New Opel board member named by General Motors
GM said yesterday in a statement it has named an automotive industry veteran as its new Opel Supervisory Board member for sales and GM Europe vice president of sales and ...
GM CEO seeks global savings with Opel/Buick intimacy
Chief Executive Officer Dan Akerson is pushing GM to work Opel and Buick together, in order to hold down costs and carve out a profitable niche between upscale Cadillac and ...
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 ...
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 ...

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