Showing posts with label Stocks.. Show all posts
Showing posts with label Stocks.. Show all posts

Monday, December 23, 2013

GM Unit Opel Avoids Cost Cuts Due to Its Sales Growth


General Motors European Opel is optimistic about 2014 sale growth and to avoid further cost cutting Chief Executive Karl-Thomas Neumann told newspaper Sueddeutsche Zeitung.

Opel will be profitable by 2016, But the company is about to face a difficult year ahead. The company will be weighed down due to the restructuring cost for ending vehicles production  at its factory in Bochum in Germany.