Troubled automakers Opel and Vauxhall will go through a complex ten-year restructuring plan, hoping to break even by "mid-decade".
Troubled automaker Opel/Vauxhall will go through a complex ten-year restructuring plan, hoping to break even by "mid-decade".
Parent company General Motors has approved a new plan for slashing costs by 500M USD by mid-decade and launching no less than 23 new models and 13 new engines by 2016. Also part of the "Drive! 2022" plan is to implement the recent tie up with PSA despite reports indicating it will not happen before next year.
An emphasis will be made on introducing new commercial vehicles and attempting to boost sales in Russia. GM hopes to reach a 90 percent plant utilization to start making money again after a very long time. Astra production has been reconfigured from three to two plants, while in 2016 the German company will close its Bochum factory.