General Motors, on Monday, stated that it is parting wayswith its Opel and Vauxhall brands, after almost 90 years of part possession –a historic decision that changes the complexion of the European automotivesector.
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 plantsand 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 passengerautomobiles 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).