Opel says 2003 operating loss widens to 384 mln euros

Newswire

FRANKFURT, Jan 30 (Reuters) - Adam Opel, the German unit of the world's biggest carmaker General Motors Corp , said on Friday its 2003 operating loss widened to 384 million euros ($476 million) from a loss of 227 million a year earlier. The company blamed weak demand, discounts on cars, currency effects and the costs of consolidating its distribution network for the wider loss at Opel, which has implemented a turnaround plan over the last three years in a bid to return to profit. Opel has ...

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