GERMANY: Opel ‘plans 10% production cut’
Opel plans to cut 2013 production by over 10%, according to German magazine Spiegel.
The report did not quote any sources. An Opel spokesman declined to comment to Reuters on 2013 production plans said Opel/Vauxhall wanted to maintain European market share, which was 6.8% in the first 11 months of 2012 according to ACEA, the European car makers’ association.
Forecasts this week suggest that the European market will fall by around 3.2% in 2013; it was down an estimated 6.2% in 2012.
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