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09 nov. 2017
Opel/Vauxhall Go Profitable, Electric and Global with PACE!
· Return to profitability by 2020: 2% automotive recurring operating margin, positive operational free cash flow · Lower financial break-even point to 800,000 vehicles · Electrification and CO2 leadership: All passenger carlines to be electrified by 2024 · Improve efficiency towards benchmark levels for manufacturing and logistics cost as well as for wage cost/revenue-ratio · Intention to maintain and modernise all plants and to refrain from forced redundancies · R&D centre in Rüsselsheim to become a global competence centre for Groupe PSA · Enlarge commercial scope: Leverage Opel brand for overseas export opportunities and foster growth of Opel/Vauxhall LCV business · PACE! execution to immediately unleash Opel/Vauxhall performance and pave the way to a sustainable future
Michael Lohscheller, CEO of Opel Automobile GmbH, today announced the strategic plan PACE! to restore financial fundamentals and enhance sustainable competitiveness and growth.
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