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article imageOpel eyes return to profit in 2015

By AFP     Apr 14, 2014 in Business

Loss-making German automaker Opel, a unit of General Motors, could steer back to profit as early as next year, its chief said in an interview on Monday.

"If everything goes well, theoretically that can't be ruled out," even if the official target remains 2016, Karl-Thomas Neumann told the Wall Street Journal.

Opel has been running at a loss of years and has embarked on a deep restructuring, closing its plant in Antwerp, Belgium, and its factory in Bochum, Germany, to shut its doors at the end of this year.

The launch of new models such as the sporty compact Adam and the small sports utility vehicle Mokka, has started bringing customers back, he said.

More about Germany, Auto, Business, Earnings, Opel
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