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GM Says Opel Turnaround Is on Track
General Motors Co. tells Bloomberg News that efforts to return the carmaker's Adam Opel AG unit to profitability within a few years remain on schedule in spite of Europe's sluggish car market.
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General Motors Co. tells Bloomberg News that efforts to return the carmaker's Adam Opel AG unit to profitability within a few years remain on schedule in spite of Europe's sluggish car market.
GM President Dan Ammann describes the plan as "at the low end of expectations" but still "generally on track."
GM is spending some €4 billion to introduce 27 updated Opel models and 17 new engines by 2018. The brand's goal is to capture 8% of the European market by 2022 compared with 5.7% in 2014.
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