German scrapping bonus lifts orders for Opel in Q1

Newswire

FRANKFURT, March 27 (Reuters) - The German scrappage bonus has triggered a boom in demand for Opel, the struggling German unit of General Motors that is looking for a new investor. "We forecast some 120,000 customer orders in the first quarter of 2009. That is the best result for Opel in the last 10 years," said Michael Klaus, executive director for sales, marketing and aftersales at Adam Opel GmbH. Berlin pays owners 2,500 euro ($3,351) to scrap cars that are at least nine years old if ...

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