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Newly-established Opel Group responsible for all GM’s European business including Russia

22 July 2014

Effective 1 July 2014, the newly-established Opel Group assumed full responsibility for General Motors’ business in Europe. Through this new entity, the company aggregates the responsibilities for Opel/Vauxhall as well as all other operations of GM in Europe—including Russia.

Led by Dr. Karl-Thomas Neumann, the management board of the Opel Group, which is almost identical to the so-far existing management board of the Adam Opel AG, will steer GM’s European business. The new entity, similar to the Adam Opel AG, will be based in Rüsselsheim.

With this organizational change, the Opel Group will also take over economic responsibility for all GM brands in Europe. Consequently, the Adam Opel AG will be able to strengthen its financial basis. The operative business of the Adam Opel AG remains unaffected by this reorganization.

Today, we are more than just Opel/Vauxhall. With the Opel Group, we align our organizational and legal entity structure in Europe with the business operations. We streamline our decision making processes and increase our efficiency. In brief: this reorganization is an important step in implementing our business plan DRIVE! 2022 and another sign of confidence of our parent company GM.

—Dr. Karl-Thomas Neumann, CEO of the management board of Opel Group GmbH

By 2022, the company aims to gain market share of 8% in Europe, increase the profit margin to 5% and further improve product quality as well as customer and employee satisfaction.

The employees’ rights of co-determination are contractually guaranteed in the new organizational structure.

July 22, 2014 in Brief | Permalink | Comments (0) | TrackBack (0)

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