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GM's Opel set for profit in 2006

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GM's Opel set for profit in 2006

Sun Nov 26, 2006 10:34am ET

FRANKFURT, Nov 26 (Reuters) - General Motor's German car maker Opel will make a profit this year, its sales chief told a German magazine.

"GM is moving towards profit in Europe," Alain Visser told German news magazine Focus. "In 2006, Opel is clearly in profit."

Visser said that the car brand's image with consumers had improved in recent years.

"17 percent of all car buyers in Germany and Europe consider buying an Opel. With this result, we are just under Volkswagen but significantly above Ford ."

He said he was pleased with demand for the group's Corsa model. "We have about 150,000 orders so far - 50 percent more than expected. We want to sell more Corsas in Germany in 2007 than Volkswagen does Polos."

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