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
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.
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