The recently restructured 'new Opel/Vauxhall' unit of General Motors, based in Rüsselsheim, Germany, will use country-specific branding, streamline and cut costs, launch new models into new market niches and explore export opportunities outside Europe, CEO Nick Reilly told employees in a memo on Monday.
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Around 12,000 Opel workers, roughly half the German automaker's domestic workforce, will work fewer hours in January and February owing to slumping sales, a spokesman told AFP on Friday.
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Nick Reilly will head the Opel management team as CEO and take on responsibility for all Opel/Vauxhall activities worldwide, the company announced on Friday.
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Rüsselsheim. The Adam Opel GmbH Supervisory Board today appointed the new Management Board of the company. The new CEO and leader of the company will be Nick Reilly. In this capacity, he will be responsible for all Opel/Vauxhall activities worldwide.
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GM Europe president Nick Reilly has warned Opel and Vauxhall workers of job cuts.
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What do top Rolls-Royce cars and GM Europe's new Opel/Vauxhall Meriva MPV/minivan/'monocab' have in common? Rear hinged doors, dubbed FlexDoors, for which the automaker is claiming "unrivalled occupant access and convenience".
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What do top Rolls-Royce cars and GM Europe's new Opel/Vauxhall Meriva MPV/minivan/'monocab' have in common? Rear hinged doors, dubbed FlexDoors, for which the automaker is claiming "unrivalled occupant access and convenience".
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Opel said new registrations of its cars in Germany rose to the highest level in four years in 2009, when government-backed scrapping incentives bolstered a floundering European auto industry.
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Russian state-controlled lender Sberbank has said General Motors Co. should compensate it for an aborted attempt to sell a stake in Opel or it will sue, the Associated Press reported on Friday.
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Russian state-controlled lender Sberbank has said General Motors Co. should compensate it for an aborted attempt to sell a stake in Opel or it will sue, the Associated Press reported on Friday.
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Russian state-controlled lender Sberbank has said General Motors Co. should compensate it for an aborted attempt to sell a stake in Opel or it will sue, the Associated Press reported on Friday.
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Auto supplier Hanwha LandC Corp. is about to start its second expansion in less than two years at its plant in Opelika, Ala. The company, which supplies automaker Hyundai Motor Co.'s Alabama plant and will supply Kia Motors Corp.
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GM's drive to revamp its Opel/Vauxhall operations will only make a small dent in the European auto industry's overcapacity.
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GM's drive to revamp its Opel/Vauxhall operations will only make a small dent in the European auto industry's overcapacity.
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Opel aims for an operating profit margin of 4 to 5 percent within four years, new CEO Nick Reilly told the Financial Times.
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Opel chief Nick Reilly says the company plans to generate an operating profit margin of 4-5% within four years.
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Opel aims to generate an operating profit margin of 4-5 percent within four years, new CEO Nick Reilly said.
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Opel aims to generate an operating profit margin of 4-5 percent within four years, new CEO Nick Reilly said.
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Opel aims to generate an operating profit margin of 4-5 percent within four years, new CEO Nick Reilly said.
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Opel aims to generate an operating profit margin of 4-5 percent within four years, new CEO Nick Reilly said.
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