Adam Opel AG, General Motors Corp.’s European subsidiary, posted a net profit of E87 million ($76.7 million) in 2001, thanks solely to the performance of its Opel Bank GmbH subsidiary. The banking unit, with profits of E260 million ($229.4 million), offset losses at the company’s core auto manufacturing and sales unit. That did little, however, to console the auto maker, which on an operating basis, saw a loss of E674 million ($594.8 million) in the year, significantly worse than the ...
Premium Content (PAID Subscription Required)
"Opel Reports Profit For 2001" 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:
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!
Current subscribers, please login or CLICK for support information.