Opel Sees Parent GM as Key to Return to Profitability

Newswire

* Opel CEO says is confident of return to profit by 2016 * Targets return on sales of 5 percent by 2022 * Opel to use GM global platforms for sustained profitability By Edward Taylor FRANKFURT, June 4 (Reuters) - Loss-making car maker Opel aims to return to profit and increase its market share in Europe by focusing on smaller cars using more components from parent company General Motors, Chief Executive Karl-Thomas Neumann said. Opel and its sister brand Vauxhall plan to become the number ...

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