Opel Chief Optimistic About 2014 Growth

Newswire

FRANKFURT, Dec 23 (Reuters) - General Motors' European unit Opel is cautiously optimistic that sales will grow enough in 2014 to avoid a further round of cost cutting, Chief Executive Karl-Thomas Neumann told newspaper Sueddeutsche Zeitung. Opel is on track to reach profitability by 2016, Neumann said, but the company expects a difficult year ahead, weighed down by restructuring costs for ending vehicle production at its factory in Bochum in Germany. "If the world doesn't come ...

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