General Motors’ German Opel division is expected to break even in 2005 thanks to its restructuring programme, Germany’s Handelsblatt newspaper reported, according to Reuters.
Go deeper with GlobalData
Ruesselsheim-based Opel will most likely not record a loss this year, Handelsblatt reported, quoting internal company planning documents.
According to the news agency, the paper said the Opel brand, which also includes foreign Opel plants, will reach break-even this year and is expected to report a three-digit-million euro gain in 2006.
Reuters noted that, earlier this week, Germany’s Focus magazine, citing company sources, reported that Opel will record an operating loss of about EUR300m (US$353m) in 2005, less than earlier expected.
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Thank you!
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form
By GlobalData
