Video: Nick Reilly Outlines The Future Of Opel

Opel CEO, Nick Reilly, has announced an ambitious five-year €11 billion Plan for the Future that will reinvigorate 80 percent of Opel/Vauxhall carlines and place a strong emphasis on alternative propulsions.

Video: Nick Reilly Outlines The Future Of Opel

Posted on 14 February 2010 by Scott Hayes

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[...] November 3, 2009 – GM goes back on its decision to sell its European unit to Magna and its financial partner Sberbank. As grounds for the decision, GM cited an improving business environment and the importance of its European unit to the company’s revamped global strategy.However, since GM has decided to retain the brand in its global product mix, changes are afoot within the German automaker. Opel’s new business plan reportedly foresees the manufacturer reaching break-even by 2011 and becoming profitable by 2012. Opel CEO, Nick Reilly, has outlined the company’s future plans in a video interview, which you can watch here. [...]

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