The European association – Euroda – of some 4,000 Opel/Vauxhall dealers has approved a proposal that they offer to invest in a future Opel/Vauxhall corporation
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At their spring conference in Vienna, the dealers awarded their association the mandate to make the government of the Federal Republic of Germany and General Motors a relevant offer.
The planned concept is that association members from 25 European states will pay EUR150 per car sold into an investment fund for a new Opel/Vauxhall company over a period of three years.
The association assumes that the investment will reach a total of up to EUR500m. Details regarding the structuring and implementation of the shareholder model are still being discussed and should also be dependent on the decision of a future investor.
“Opel and Vauxhall respectively are a strong brand. The current success of the new Insignia shows its huge potential. This is why we want to play an active role in shaping the future of Opel/Vauxhall,” says Jaap Timmer, Euroda President.
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By GlobalDataAlain Visser, Vice President of Opel, welcomed the commitment of the dealers: “The decision of the European Opel/Vauxhall dealers does not only show the great trust in the strength of the brand and the quality of the cars, but also highlights the good relations between the company and the dealers,” he said.
