Tag Archives: Opel CEO

Opel CEO warns that 2016 profit target is under threat, report says

Opel-CEO Karl-Thomas Neumann -  Opel CEO warns that 2016 profit target is under threat, report says

Opel CEO Karl-Thomas Neumann (photo above)has warned top managers that the General Motors unit’s 2016 profit target is under threat from economic setbacks, according to German daily paper Bild.

Opel CEO targets No. 2 brand in Europe by 2022

General Motors’ Opel unit wants to overtake PSA/Peugeot-Citroen to become the second-largest carmaker in Europe by 2022, the European automaker’s CEO said.

“Why aim only for a turnaround by 2016 if we can go further and say we want to be number two in Europe by 2022,” Karl-Thomas Neumann said at the Geneva auto show, adding that 2014 would be a difficult year, burdened by the cost of closing a factory in Bochum, Germany.