Vauxhall writes for the first time in almost 20 years, back in the black. The operating profit of the tradition-rich car manufacturer’s last year amounted to 859 million euros, as the French parent company, PSA reported Tuesday in Rueil-Malmaison near Paris.
The former General Motors subsidiary Opel had previously reported its British sister brand Vauxhall since 1999, there is no benefit for a full year. From August to December 2017, there was a loss of 179 million euros. PSA with the master brands Citroën, Peugeot and DS Opel since August 2017 in his books.
Opel to Russia
Opel have with its rehabilitation plan as the basis for a sustainable future, and wool “additional potential-free return,” said PSA CEO Carlos Tavares. The turnover of the group increased, thanks in part to the Opel, which is 18.9 percent to 74 billion euros. On Opel, a turnover of 18.3 billion euros was accounted for. The net profit of the PSA grew by 40.4% to € 3.3 billion.
Under the new parent company, Opel aims to return to Russia. PSA wanted to sell outside of Europe in the next few years, more cars, Opel in Russia, Peugeot will occur in North America and Citroën in India, informed the French group.
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On the Russian market return want to Opel only with new models. “We will only offer vehicles that are already on PSA platforms,” said CEO Michael Lohscheller in Rüsselsheim. The General Motors-developed cars such as the Astra and Mokka are not to be offered on the Russian market. Lohscheller announced a Mix of local production at the PSA plant in Kaluga, Russia, and imports.
Opel had withdrawn under GM in 2015 because of a sales crisis from Russia. PSA chief financial officer Philippe de Rovira said, its international spread was important for the future of Opel. A new foreign business had to be profitable. Also, a total of Opel professional must be more profitable to belong to the best players in the automotive industry, said De Rovira.
Continue to open, the planned division of the development centre at the headquarters in Rüsselsheim. “We are in talks with the social partners to the planned Transition of up to 2000 employees at the engineering services provider Segula. Given the existing and growing Overcapacities at the development centre that is the only way to secure these jobs in the long term in Rüsselsheim,“ said Lohscheller. So far, the IG Metall had expressed a very negative effect to the sale plan, which should be in the second quarter completed.
concern for the car manufacturers of the Brexit
Lohscheller also announced a strict production planning, which will be based on the realized sales. “We have reduced our vehicle stocks in the past year and will not be producing in the future stockpile.” Concrete production plans for the German plants in Eisenach, RUESSELSHEIM and Kaiserslautern Opel-boss is not called.
With Worries looking Opel on the possible exit of Britain from the European Union. “Of course, the lack of planning security in the UK is a burden for the entire industry,” said Lohscheller. For the work of Luton as an important investment decision in to productions of the commercial vehicle Vivaro had just been taken. “Should in the future be duties, would of course increase the costs in our British plants. In this case, we have to adjust our prices. Therefore, we hope to have a good solution in the sense of free trade.“ dpa
