Skip to content

🚗 Your People Are Here. Get In.

The internet is full of car content. This is the community.

Cheers & Gears has been bringing enthusiasts together since 2001. Join the conversation, show off your garage, and find your people.

As GM Strugges, Opel Restructuring Pays Off

Featured Replies

Opel, the German subsidiary of hard-hit US auto maker General Motors, is back in the black, after putting into place a savings program that will eventually cost the company 9,000 jobs.

In a report based on internal group forecasts, German business newspaper Handelsblatt said Opel looks set to break even this year. Adam Opel, which comprises solely the German activities, was fractionally in the red, but the Opel brand itself, which includes factories outside Germany, is beginning to make money.



Plant closings in North America

Meanwhile, GM's European arm, GM Europe, is set to have more than halved its full-year losses this year to $300 million (256 million euros) thanks to a year-long restructuring program.



The US auto giant is shutting down a number of plants in North America and slashing 30,000 jobs to help stem its losses, which totalled $3 billion in the nine months to September.



Welcome news

Only Swedish subsidiary Saab remains in the red, pushing down the carmaker's results in Europe. GM stopped publishing separate earnings reports for its European subsidiaries about a year ago.

Full Story: http://www.dw-world.de/dw/article/0,2144,1791060,00.html

Join the conversation

You are posting as a guest. If you have an account, sign in now to post with your account.
Note: Your post will require moderator approval before it will be visible.

Guest
Reply to this topic...

Latest News

Account

Navigation

Search

Search

Configure browser push notifications

Chrome (Android)
  1. Tap the lock icon next to the address bar.
  2. Tap Permissions → Notifications.
  3. Adjust your preference.
Chrome (Desktop)
  1. Click the padlock icon in the address bar.
  2. Select Site settings.
  3. Find Notifications and adjust your preference.