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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 ...
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More opel europe articles

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 ...
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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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