GERMANY: Opel ‘plans 10% production cut’
By Tony Lewis | 2 January 2013
Opel plans to cut 2013 production by over 10%, according to German magazine Spiegel.
This would mean production of 845,000 cars, down from the 1.19m produced by Opel, plus Vauxhall in the UK, in 2011, the last full year for which parent General Motors provides figures.
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.
Expert analysis
Germany Autos Report Q1 2013
Germany Autos Report provides industry professionals and strategists, corporate analysts, auto associations, government departments and regulatory bodies with independent forecasts and competitive intelligence on Germany's automotive industry.
Sectors: Vehicle manufacturers, Vehicle manufacturing
Companies: Opel, Vauxhall, General Motors
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