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Opel to end sales in China after failing to gain traction


General Motors Co.’s Opel unit, on Friday has announced it will stop selling cars in the Chinese market – and will focus more on Europe. The automaker will stop all exports to China starting January 2015. Last year Opel sold only 4,365 new cars in China, even if the carmaker operates a network of 22 dealers. Compared GM’s Buick sales of 810,000 ...
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More opel europe articles

Opel: plant closure in Bochum will cost more than 500 mln euros
In just nine month, German carmaker Opel will close its Bochum factory, a move that is expected to cost more than 500 million Euros according to experts. The plant closure will ...
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 ...
Impact: Opel may close car plant earlier
General Motors’ Opel managers will present a business plan next Wednesday to the board that likely will involve closing two factories in Europe to reduce overcapacity. The factories in Ellesmere Port ...
GM CEO: “one year or two before we can achieve profitability in Europe”
General Motors Co CEO Dan Akerson said in Europe the automaker will continue to lose money until 2014. "I think it'll be a good year or two before we can achieve ...
GM: Opel strategy a failure, is progressing slower than expected
General Motors vice Chairman Steve Girsky, in an interview with Financial Times Deutschland said its strategy for turning back to profit its European carmaking division Opel, was a failure. "Unfortunately, our ...

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