Cars
It surely came as no surprise to General Motors executives that their European division is once again, bleeding cash. After all, they knew that Opel and Vauxhall had already lost US$580 million in the first nine months of 2011.
- Buick May Bring Second-generation Opel Adam To The Us
The Europeanization of Buick’s lineup is something we can count on for the future, as more Opel/Vauxhall models will make it stateside. Buick currently sells the Encore (Opel Mokka), Verano (Opel Astra sedan) and Regal (Opel Insignia), and next...
- Gm Reportedly Plans To Reduce Opel’s Administrative Staff By 30 Percent Or 1,000 Positions
Despite analysts’ advice that getting rid of Opel/Vauxhall and retaining Chevrolet as its sole European mass-marker brand is in GM’s best interest, the Detroit carmaker is determined to hold on to the German brand. Doing so, though, involves...
- Opel Denies Report That The Next Zafira Will Be Developed By Psa Peugeot-citroën
The more General Motors European division and PSA Peugeot-Citroën deepen their newly formed strategic partnership, the more rumors come out. Earlier today, Germany's Spiegel magazine and Frankfurter Allgemeine Zeitung business daily reported...
- Gm To Shut Down Antwerp Plant In Belgium, Announces More Cuts For Opel / Vauxhall
General Motors has turned its focus on its European division as a little after the announcement on its decision to wind down its Saab unit, the U.S. carmaker revealed that it intends to close Opel's manufacturing plant in Antwerp, Belgium, which...
- Gm: Nick Reilly To Temporarily Head Opel And Vauxhall After Carl-peter Forster's Resignation
As many anticipated, General Motors announced today that the company's executive vice president and head of international operations, Nick Reilly, will take over responsibilities for the operations of Opel and Vauxhall Europe. Reilly, 59, will replace...
Cars
GM Officials Shocked by Opel & Vauxhall's Latest Losses, Demand Much Deeper Cuts
It surely came as no surprise to General Motors executives that their European division is once again, bleeding cash. After all, they knew that Opel and Vauxhall had already lost US$580 million in the first nine months of 2011.
However, as the Wall Street Journal reports, they weren’t prepared for the “horrendous†fourth quarter losses. Therefore, despite declaring last week that it is determined to turn around Opel, GM is now seriously reconsidering its options.
According to the report, an unnamed GM official said on Tuesday that the U.S. group is almost fed up with its European brands’ inability to make progress: “There is an increasing frustration with Opel and a feeling that the cuts two years ago did not go deep enough. If Opel is going to get fixed, it is going to get fixed now and the cuts are going to be deep.â€
Read more »- Buick May Bring Second-generation Opel Adam To The Us
The Europeanization of Buick’s lineup is something we can count on for the future, as more Opel/Vauxhall models will make it stateside. Buick currently sells the Encore (Opel Mokka), Verano (Opel Astra sedan) and Regal (Opel Insignia), and next...
- Gm Reportedly Plans To Reduce Opel’s Administrative Staff By 30 Percent Or 1,000 Positions
Despite analysts’ advice that getting rid of Opel/Vauxhall and retaining Chevrolet as its sole European mass-marker brand is in GM’s best interest, the Detroit carmaker is determined to hold on to the German brand. Doing so, though, involves...
- Opel Denies Report That The Next Zafira Will Be Developed By Psa Peugeot-citroën
The more General Motors European division and PSA Peugeot-Citroën deepen their newly formed strategic partnership, the more rumors come out. Earlier today, Germany's Spiegel magazine and Frankfurter Allgemeine Zeitung business daily reported...
- Gm To Shut Down Antwerp Plant In Belgium, Announces More Cuts For Opel / Vauxhall
General Motors has turned its focus on its European division as a little after the announcement on its decision to wind down its Saab unit, the U.S. carmaker revealed that it intends to close Opel's manufacturing plant in Antwerp, Belgium, which...
- Gm: Nick Reilly To Temporarily Head Opel And Vauxhall After Carl-peter Forster's Resignation
As many anticipated, General Motors announced today that the company's executive vice president and head of international operations, Nick Reilly, will take over responsibilities for the operations of Opel and Vauxhall Europe. Reilly, 59, will replace...