Opel/Vauxhall News: Opel Plans To Get Closer With GM In Order To Get Back To Profitability

[William Maley]

Opel CEO Karl-Thomas Neumann told reporters at a briefing that he confident the automaker will return to profit by 2016, and become the number two in the European passenger car market by 2022. A bit ambitious to say in the least. How does Opel plan on doing this? Well the automaker has been working on hard on cutting losses by improving the utilisation of plants, increasing sales revenue, closing one of their plants, and cutting costs on product and structural items.

"I have a lot of confidence about achieving our interim goal," Neumann said about the profit goal.

As for becoming the number two automaker in the European marketplace, Opel plans on launching 27 new models and 17 new engines between 2014 and 2018. Opel also plans on getting closer to General Motors by utilizing more technologies from the company and strengthening its relationship with Buick.

Source: Reuters

William Maley is a staff writer for Cheers & Gears. He can be reached at [email protected] or you can follow him on twitter at @realmudmonster.

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[Drew Dowdell]

makes a lot of sense... so much sense you wonder why they didn't do this 20 years ago.

[G. David Felt]

Hopefully then their awesome CNG Adam AWD will come across the pond to the US Market.

[Drew Dowdell]

I just want the Adam to come over period