As we reported earlier today, Opel’s supervisory board was due to vote on the business plan to revitalize The General’s European arm. And vote it did, approving the plan that will be significant in making Opel profitable again.
Opel’s plan to profitability, which will serve for 2012-2016, can be found here and is part of a bigger plan outlined by GM CEO Dan Akerson to increase overall profitability at General Motors. Meanwhile, enjoy these quotes:
Stephen Girsky, Vice-Chairman of General Motors and Chairman of the Opel Supervisory Board: “The plan we approved today paves the way for Opel’s strong future. GM stands behind Opel, and encourages both its management and employee representatives to continue working together to better satisfy customers and return quickly to profitability.”
Wolfgang Schäfer-Klug, Chairman of the European Employee Forum and Vice Chairman of the Supervisory Board of Adam Opel AG: “The 2012-2016 business plan approved by the Supervisory Board is a good basis for the future of Opel. The support by GM shows how important European engineering and the European Opel/Vauxhall sites are to the company. Opel must focus on its strengths in order to grow and secure jobs even in a difficult market environment.”
The GM Authority Take
Was there any other choice?