General Motors’ German Opel division is expected to break even in 2005 thanks to its restructuring programme, Germany’s Handelsblatt newspaper reported, according to Reuters.
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Ruesselsheim-based Opel will most likely not record a loss this year, Handelsblatt reported, quoting internal company planning documents.
According to the news agency, the paper said the Opel brand, which also includes foreign Opel plants, will reach break-even this year and is expected to report a three-digit-million euro gain in 2006.
Reuters noted that, earlier this week, Germany’s Focus magazine, citing company sources, reported that Opel will record an operating loss of about EUR300m (US$353m) in 2005, less than earlier expected.
