Adam Opel GmbH confirms plans for a reduction in its European production capacity of some 20%, which would cut from the General Motors Co. unit an estimated 8,300 jobs in the region and perhaps put it on profitable ground by 2012. But the much-anticipated plan for reorganization, delivered earlier today by Opel CEO Nick Reilly, hinges on €2.7 billion ($3.7 billion) worth of backing from European governments. Talks over the funding continue on both regional and country levels. In total, ...
Premium Content (PAID Subscription Required)
"Government Help, Stabilized Vehicle Sales Key to Opel Revitalization Plan" is part of the paid WardsAuto Premium content. You must log in with Premium credentials in order to access this article. Premium paid subscribers also gain access to:
All of WardsAuto's reliable, in-depth industry reporting and analysis
Hundreds of downloadable data tables including:
• Global sales and production data by country
• U.S. model-line inventory data
• Engine and equipment installation rates
• WardsAuto's North America Plant by Platform forecast
• Product Cycle chart
• Interrelationships among major OEMs
• Medium- and heavy-duty truck volumes
• Historical data and much more!
For WardsAuto.com pricing and subscription information please contact
Lisa Williamson by email: firstname.lastname@example.org or phone: (248) 799-2642
Current subscribers, please login or CLICK for support information.