Opel makes profit again

Opel makes profit again

18 years are a long time in the industry. Highlights at cell phones were then a non-visible antenna, with polyphonic ringing and logos earned some suppliers from today’s perspective incredible amount of money. In the automotive world, suction engines were the rule, before the diesel engine seemed to be a glossy future. Infinite long, that seems to be all. For 18 years, opel did not write a black numbers more, it is still amazing that the company has survived that. Probably only a few optimists have amed that with the supersence by psa for opel simpler times break. They too were allowed to be dyed, although again for the first time an annual win was conceded. But the brand is therefore not all the treats open. The fight for the german locations is not over, on the contrary.

Small profit

The first full business year under the leadership of psa ended for opel with an operating profit of 859 million euros, such as psa boss carlos tavares on tuesday (26. February 2019) reported in rueil malmaison at paris. From the 2018 key figure, however, interest, taxes and unique remediation costs are extracted. What gm uber years did not succeed, tavares seems to create it. Opel had with its british sister brand vauxhall together in 1999 in 1999 last annual profit and in the "dark period" about 19 billion us dollars lost loss, as tavares stressed. From august to december 2017 there was another loss of 179 million euros.

Psa with the parent brands citroen, peugeot and ds fuhrt opel since august 2017. Opel has laid the basis for a sustainable future with its refurbishment plan and will "release more potential", explained the group chief. Sales of the group rose by 18.9 percent to 74 billion euros. On opel accounted for a turnover of 18.3 billion euros. The net profit of the psa group grew by 40.4 percent to 3.3 billion euros.

How to use?

The ig metall asked opel according to the profit reports, now clarity about the utilization of german works. "The reported operating profit of 859 million euros must now be a starting point for finally to negotiate with the operating rates on the urgently needed investments for russelsheim, kaiserslautern and eisenach", demanded the boss of the union district mitte, jorg kohlinger. Operating rate and the staff continued to know how the medium-term planning for works and with which models and parts the locations should be utilized.

Opel should return to russia, from where you had accessed gm times 2015 because of a sales crisis. Psa wants to sell significantly more cars outside europe in the next year, to compete opel in russia, peugeot in north america and citroen in india, the french group continued to share with. Opel wants to backlich with new models on the russian market. "We will offer for lively vehicles that are already on psa platforms," said board leader lohscheller.

Trade unions in criticism

Tavares attacked the ig metal because of the problems with the planned partial sale of the russelsheim development center. He threw the union to block the plan for a transition of 2000 people to the engineering service provider segula and ultimately to danger the jobs. "In a 38-year career in the automotive industry around the world, i have never experienced a situation (…) in which a union partner is not fighting to secure 2000 jobs, "tavares said. It lacks hedges for workers, explained a spokesman for ig metall in frankfurt. Thus, the changer to segula as the approximately 5000 remaining opel engineers had to be removed to 30. June 2023. This is also a regulation for the case of an economic failure of segula gmbh. This risk can not be refalded to workers. According to both sides, a settlement office between companies and works council is used for the segula deal, which presides a former employee.

Opel boss lohscheller experienced a continuing strict production planning, which is based on realizable and profitable orienting. "We have significantly reduced our vehicle in the past year and will not produce halde in the future."Concrete production planning for the german works in eisenach, russelsheim and kaiserslautern he did not call. A few days ago, psa had been communicated to assemble the next opel mokka in poissy at paris.

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