Jump to content
Forums Gone... but not forgotten!
Pontiac of the Month

FBIRD69's 1969 Firebird

2024 March
of the Month

  • Rev up your passion for Pontiacs and join our vibrant community of enthusiasts!

    Whether you're a die-hard fan of classic muscle cars or you've got a soft spot for sleek modern models, you've found your home here at Forever Pontiac. Our community is dedicated to celebrating everything Pontiac, from the iconic GTO to the legendary Firebird and everything in between.

    Unlock access to expert advice, stunning photo galleries, engaging discussions, exclusive events, and more!

    Start your Pontiac journey with us today!

    Sign up now! 🏁

RSS Opel could break even next year


Ringo64

Recommended Posts

  • Founders

Filed under: Europe, Earnings/Financials, Opel

492c227aba734eb586a614d237831d6a.jpeg

How things change. According to a report from The Wall Street Journal, Opel might just break even next year. This is kind of a big deal, largely because Opel has been arguably the most troubled branch both in General Motors' portfolio and in all of Europe.

The report claims that Opel could be back in the black before 2016, thanks to the arrival of Karl-Thomas Neumann from Volkswagen, not to mention a massive, $6 billion investment that will lead to nearly two dozen new models in the next few years. Sales climbed for both Opel and Vauxhall by three percent in the first two months of 2014, according to WSJ, indicating that the renewed focus on product might be working.

"If everything goes well, theoretically [profits] can't be ruled out," Neumann told WSJ.

Opel's has seen success with the Adam city car and the Mokka (known to American audiences as the hot-selling Buick Encore), not to mention fresh, stylish versions of the Insignia (Buick Regal) and the Astra and Corsa small cars.

There has also been some cleverness to the markets Opel is targeting, which is encouraging. It recently pulled out of both Australia and China, suffering from low sales in both markets. But it seems that rather than a desperate retreat, these were more strategic withdrawals. According to Neumann, Russia and Turkey are Opel's two best chances for growth.

"Now Opel has a great strategy for China is what a lot of people thought, " Neumann told WSJ. "As GM, we are still bullish about China. But for Opel it is just a fact that our resources are better used somewhere else."

Based on statements like that, we're thinking the future is rather bright for the Russelsheim outfit.

Opel could break even next year originally appeared on Autoblog on Tue, 15 Apr 2014 08:43:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments
autoblog?i=PGX_yYVrFyg:dTSh5AcyYqU:wF9xT autoblog?i=PGX_yYVrFyg:dTSh5AcyYqU:V_sGL
PGX_yYVrFyg

/>http://feeds.autoblog.com/~r/weblogsinc/autoblog/~3/PGX_yYVrFyg/
Link to comment
Share on other sites

Tired of these Ads? Register Today!

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now
Tired of these Ads? Purchase Enhanced Membership today to remove them!
×
×
  • Create New...

Important Information

We have placed cookies on your device to help make this website better. You can adjust your cookie settings, otherwise we'll assume you're okay to continue.