08/26/2019 0 By Opel

By 1929 until 2017, Opel was owned by American automaker General Motors. Opel vehicles have been sold in the United Kingdom under the Vauxhall brand.

Opel traces its origins into some sewing machine maker founded by Adam Opel at 1862 in Rüsselsheim’m Main. The company started manufacturing bicycles in 1886 and produced its first car in 1899. Following listing in the stock exchange in 1929, General Motors chose a vast majority stake in Opel and then total control in 1931, demonstrating that the American predominate within the German automaker for almost 90 years.

General Motors, on Monday, stated that it is parting ways with its Opel and Vauxhall brands, after almost 90 years of part possession — a historic decision that changes the complexion of the European automotive sector.

Here’s a look at the background of Opel and Vauxhall, and crucial facts about these brands:

Facts and statistics:

Headquartered at Rüsselsheim, Germany, Opel works 12 plants and four development and test centers in eight European countries.

Opel employs about 34,500 people in Europe, with over 16,500 in Germany.

Opel and Vauxhall sell vehicles in more than 50 countries.

In 2016, Opel/Vauxhall sold over 1.1 million passenger automobiles and light commercial vehicles.

GM Europe reported that a pre-tax net loss of $863 million (813 million euro).for 2016 on earnings of $19.9 billion (18.7 billion euro).