Jump to content
Create New...

Opel CEO Lays Out Future Plans, Promises Profit By 2012


Recommended Posts

Opel CEO Lays Out Future Plans, Promises Profit By 2012

Opel CEO Nick Reilly today announced an ambitious five-year, $15 billion plan for the future that will reinvigorate 80 percent of the automaker's model lines and place a strong emphasis on alternative propulsions. Coinciding with today's announcement, Opel has also formally applied for loans or loan guarantees from the German government.

The new plan includes eight major launches in 2010 alone--such as the Meriva, Corsa, Movano and Astra Sports Tourer--and another four in 2011, most notably the Ampera plug-in hybrid (pictured). The overall goal is to have more than 80 percent of Opel's model lines less than three years old by 2012.

In terms of green technology, Opel will be investing $1.4 billion to help with the launch of the Ampera, introduce all-electric vehicles, offer more models with engine stop-start technology, introduce downsized engines, and expand LPG and CNG applications.

Reilly's plan also confirmed that Opel will launch a new minicar model and start to investigate the potential of exports to the Middle East and Asia-Pacific regions.

Of course, it's not all good news. The plan calls for a major restructuring of Opel's operations that will see a 20 percent reduction in capacity. This will consist of a job level reduction of approximately 8,300 workers. That reduction will be spread out across most of Europe and includes 1,300 employees in sales and administration and 7,000 jobs in manufacturing. Sadly, it also means Opel will be closing its production facilities in Antwerp, Belgium.

If all goes to plan Opel will break even by 2011 and be profitable by 2012. On a side note, Reilly has reaffirmed General Motors' commitment to Opel with confirmation that the American auto giant will be providing its European subsidiary with almost $1 billion in funding.




Link to comment
Share on other sites

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.

Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

  • Who's Online   1 Member, 0 Anonymous, 33 Guests (See full list)

  • Volkswagen ID.Buzz Coming to the U.S. in Long-Wheelbase Form

    Volkswagen has been teasing us with the I.D. Buzz for 6-years when they made the announcement back in 2017 that they would bring the I.D. Buzz to market. The standard wheelbase model has been on sale in Europe since May of last year, and today, Volkswagen is officially announcing the long-wheelbase version for sale in the U.S. starting next year. The ID.Buzz will not, as previously reported, be built at VW's Chatanooga plant alongside the ID.4, instead being built in VW's Hanover Germ


    The New Chevrolet Colorado gets a New Bison ZR2

    The performance off-road mid-size pickup truck war has turned into a hot war in 2023.  Ford has recently released their 2024 Ford Ranger Raptor, and Toyota introduced an all-new 2024 Tacoma with an incredibly capable Tacoma TRD Off Road. Back in 2018, Chevrolet teamed up with American Expedition Vehicles to the 2019 Chevy Colorado Bison ZR2 to the Colorado lineup.  About a year ago, the all-new 2023 Colorado was released, and while there was a ZR2, the Bison was not part of the announcement


    Ford EVs Gain Access to Tesla SuperChargers, Ford to Adopt Tesla NACS Charge Port

    Ford and Tesla jointly announced today that starting in the spring of 2024, Ford EV drivers will gain access to more than 12,000 Tesla Superchargers in North America.  This move will more than double the number of chargers available to Ford EV drivers who currently have access to 10,000  DC fast-chargers in the BlueOval EV network.  Additionally, Ford dealers are adding 1,800 public-facing fast chargers across the continent. Existing EV models like the F-150 Lightning, Mustang Mach-E, and E


  • Create New...

Hey there, we notice you're using an ad-blocker. We're a small site that is supported by ads or subscriptions. We rely on these to pay for server costs and vehicle reviews.  Please consider whitelisting us in your ad-blocker, or if you really like what you see, you can pick up one of our subscriptions for just $1.75 a month or $15 a year. It may not seem like a lot, but it goes a long way to help support real, honest content, that isn't generated by an AI bot.

See you out there.


Write what you are looking for and press enter or click the search icon to begin your search