Mexican Media Brands
Opel Vows to Turn a Profit in 2016
CEO Karl-Thomas Neumann says Opel AG will return to profit next year in spite of the slumping Russian car market, Reuters reports.
#economics
Share
CEO Karl-Thomas Neumann says Opel AG will return to profit next year in spite of the slumping Russian car market, Reuters reports.
Neumann tells attendees at a conference in Stuttgart that sales by the General Motors Co. subsidiary are ahead of plan in such markets as Germany, Poland, Portugal and Spain.
GM is pouring about €4 billion into Opel to introduce 27 new or updated models by 2018. The brand hopes to increase its European market share to 8% by 2022 compared with 5.7% last year.
RELATED CONTENT
-
On The German Auto Industry
A look at several things that are going on in the German auto industry—from new vehicles to stamping to building electric vehicles.
-
Mazda, CARB and PSA North America: Car Talk
The Center for Automotive Research (CAR) Management Briefing Seminars, an annual event, was held last week in Traverse City, Michigan.
-
On Global EV Sales, Lean and the Supply Chain & Dealing With Snow
The distribution of EVs and potential implications, why lean still matters even with supply chain issues, where there are the most industrial robots, a potential coming shortage that isn’t a microprocessor, mapping tech and obscured signs, and a look at the future