Mexican Media Brands
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.
#economics
Share
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.
RELATED CONTENT
-
On Lincoln-Shinola, Euro EV Sales, Engineered Carbon, and more
On a Lincoln-Shinola concept, Euro EV sales, engineered carbon for fuel cells, a thermal sensor for ADAS, battery analytics, and measuring vehicle performance in use with big data
-
Tariffs on Autos: “No One Wins”
While talk of tariffs may make the president sound tough and which gives the talking heads on cable something to talk about, the impact of the potential 25 percent tariffs on vehicles imported to the U.S. could have some fairly significant consequences.
-
On Urban Transport, the Jeep Grand Wagoneer, Lamborghini and more
Why electric pods may be the future of urban transport, the amazing Jeep Grand Wagoneer, Lamborghini is a green pioneer, LMC on capacity utilization, an aluminum study gives the nod to. . .aluminum, and why McLaren is working with TUMI.