Carmaker Stellantis upbeat about future of German brand Opel – magazine

Stellantis logo on a company's building in Velizy-Villacoublay near Paris12

  • Stellantis NVFollow
  • Opel Automobile GmbHFollow

BERLIN, Feb 19 (Reuters) – Franco-Italian carmaker Stellantis is upbeat about the outlook of its German subsidiary Opel which it believes will be able to keep operating as a separate brand, the company's Europe chief Uwe Hochgeschurtz told magazine Automobilwoche.

"I'm happy with the brand and with its array of products," Hochgeschurtz was quoted as saying in the interview published on Sunday. "There is great capacity for development."

The design centre in Ruesselsheim was one of the most modern in the entire company, he said, while the German factories had a steady workload meaning their future was safe.

Hochgeschurtz blamed Opel's loss of market share largely due to inadequate transport capacity to deliver the cars to sellers.

"We had the clients, we had the finished cars, but they did not get to where they needed to get," he said.

Latest Updates

  • ChargedcategoryVW, Mercedes-Benz urge Berlin to accelerate EV charging network expansion, report says, article with galleryGallery
  • ChargedcategoryOla plans $920 million India investment in electric cars, batteries, article with image

"Given the lack of truck drivers, there is only limited transport capacity. That's why we have offered sales people to come and pick up the cars themselves in our depots."

Hochgeschurtz named Latin America, Turkey and North Africa as good export markets for Opel.

"But the core of the market is Europe," he said.

  • GalleryChargedcategoryVW, Mercedes-Benz urge Berlin to accelerate EV charging network expansion, report says, article with gallery11:05 AM UTC
  • ChargedcategoryVietnam's EV maker VinFast recalls nearly 2,800 units domestically, article with imageFebruary 18, 2023
  • TechnologycategoryAnalysis: Tesla's search for Mexico location shows bumps on nearshoring road, article with imageFebruary 17, 2023
  • ChargedcategoryEmbraer's electric aircraft maker Eve 'on track' to start service in 2026, article with imageFebruary 17, 2023


Related posts

Carvana shares rebound almost 30%, attracts new watchers on StockTwits

Cynthia Danforth

Maersk replaces CEO to steer shipping firm through turbulent waters

Cynthia Danforth

Chevron’s first cargo of Venezuelan oil after license departs for U.S.

Cynthia Danforth

Leave a Comment