Freed From The Stifling Control Of General Motors, Opel Is Now Flourishing

Before being purchased by the PSA Group, Opel knew it was facing very serious problems. Among them, its annual operating losses of nearly 1 billion euros, but also its inability to meet EU CO2 emissions reduction targets, which would have meant massive fines.

Now, two years later, Opel is both profitable and has a clear plan on how to meet its emissions targets, said the company’s CEO Michael Lohscheller in an interview with Autonews Europe.

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PUGPROUD - 7/8/2019 10:49:42 AM

+5 Boost

No surprise here. GM's culture suffocates vision, innovation and individual incentive.

Truthy - 7/8/2019 12:40:56 PM

+5 Boost

This should serve as an indictment of the current regime at GM.

Truthy - 7/8/2019 12:40:59 PM

+4 Boost

This should serve as an indictment of the current regime at GM.

Truthy - 7/8/2019 12:42:46 PM

+4 Boost

This should serve as an indictment of the current regime at GM.

MDarringer - 7/8/2019 4:21:22 PM

+2 Boost

And still making cars that have nothing to recommend them.

mre30 - 7/8/2019 5:35:37 PM

+3 Boost

Hmmm...

I wonder how GM accounts for costs/revenues (i.e. transfer pricing) for the "Opel Buicks" sold in the USA (not too many) and China (probably many!).

Maybe it is an accounting gimmick as to why Opel is doing better? Not much has changed since Peugeot has purchased them.

MDarringer - 7/8/2019 6:46:35 PM

+2 Boost

100% gimmick. Factor in that GM "kept" debt as a way to sweeten the deal to ditch Opel.

Truthy - 7/8/2019 8:58:28 PM

+3 Boost

Exactly.