FRANKFURT, Nov 19 (Reuters) - The head of Opel, the German unit of the world's biggest carmaker General Motors , said late on Tuesday he expected the company to post a small operating profit in 2004.
"We expect a small operating profit in 2004," Opel Chief Executive Officer Carl-Peter Forster told reporters in comments embargoed until Wednesday. "It is a tough target given the market, but we will achieve it." Opel has been losing money for years but is in the middle of a turnaround plan aimed at returning it to profit. Company sources have said it is likely to post a loss in the triple-digit millions of euros in 2003.