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Carl-Peter Forster
Carl-Peter Forster has been appointed chairman of GM’s European operating unit, Adam Opel AG, according to industry sources. It is reported that approval for the appointment was given by Opel’s supervisory board on Tuesday.

It is planned that Forster, formerly a BMW management board member, will take up the Opel reins on April 2. He would become the car marker’s fourth new boss in three years. He will succeed Bob Hendry, who announced at the beginning of the year that he would be leaving Opel. Hendry’s tenure ended when he accepted responsibility for Opel’s deteriorating performance in Europe.

Forster left BMW, where he had been in charge of engineering and production, after disagreeing with the company’s decision to sell its troubled Rover Cars subsidiary last year.

Opel is the third-largest carmaker in Europe, following Volkswagen AG and PSA Peugeot Citroen. The company is in the midst of a major reorganisation and cost-cutting drive. It’s share of the west European market fell to under 10% in 2000.

To view related research reports, please follow the links below:-

Review of the German Automotive Industry

General Motors Strategic Review

Global Car Forecasts to 2005