just-auto Reports; General Motors Determined to Rescue Opel

BROMSGROVE, England, January 13, 2012 /PRNewswire/ --

General Motors' international operations head Tim Lee has told just-auto that the company is determined to keep its European operations (Opel/Vauxhall) and make them profitable.

He said GM had been working on a turnaround for some time.

"We have concluded - with board support - that Opel  is a piece of business to turn around and make profitable."

He said recent changes to the supervisory board and management had brought in new blood, including himself, and long-serving executive Susan Docherty, both with previous exposure to GM's European operations, and "capable and experienced".

Lee conceded Opel was "not profitable yet" but noted that the European market was off 2m units a year

 compared with pre financial crisis/Eurozone crisis volume.

"Every manufacturer [operating in Europe] is operating with surplus capacity unsustainable in the long term. We must do what other OEMs must also do, turn it around and make it profitable

The full article on General Motors' view on Opel  is available on just-auto.com

Aboutjust-auto.com

Established in 1999, just-auto is a leading online resource for the global automotive industry, publishing around 50 news articles, analysis features and insights every working day. Under the direction of Managing Editor David Leggett; its experienced team of journalists, consultants and analysts provide a unique blend of automotive news, interviews and research that is delivered to over 90,000 business executives per month.

Via its web site, webinars and QUBE, CONSULT and PLDB research platforms just-auto offers insight into OEM and supplier corporate strategies, manufacturing developments, in-depth management briefings,  supplier technologies and innovations, component market trends and forecasts and current/future car model programmes.

For details of how just-auto is "helping decision makers make decisions" visit http://www.just-auto.com

For further information and images please contact Kate Varvedo, Marketing communication manager at Aroq Limited on +44(0)1527-573-616, alternatively email [email protected] 

SOURCE just-auto.com

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