General Motors has announced that effective earlier this month, the newly-formed Opel Group will assume full responsibility for General Motors’ European business. The new entity will be based in Rüsselsheim and led by CEO of the management board of Opel Group GmbH, Dr. Karl-Thomas Neumann.
This organizational change means that the Opel Group will take over economic responsibility for all General Motors brands in Europe, including Russia. GM says the Adam Opel AG will now “be able to strengthen its financial basis” while the “operative business of the Adam Opel AG remains unaffected by this reorganization.”
Says Dr. Neumann, “Today, we are more than just Opel/Vauxhall. With the Opel Group, we align our organizational and legal entity structure in Europe with the business operations. We streamline our decision making processes and increase our efficiency. In brief: this reorganization is an important step in implementing our business plan DRIVE! 2022 and another sign of confidence of our parent company GM.”
The Chairman of the General Works Council, Dr. Wolfgang Schäfer-Klug, adds, “We ensured that the [employees’] rights of co-determination [are] safeguarded to the same extent despite the organizational changes.” In reference to the foundation of the Opel Group with its about 100 employees, Dr. Schäfer-Klug said: “We are happy that Opel’s position has been further strengthened. From Opel’s perspective, the reorganization of the European business offers more opportunities for growth and employment.”
General Motors says the new Opel Group is a testimony of how important Opel has become. Among the responsibilities are “Russia’s growing market and the planned manufacture of selected cars for Buick in the US and Holden in Australia and New Zealand.”