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.
Neumann said to the Newspapers:
"If the world doesn't come to an end, we should keep growing, and then we don't need additional cost savings."
GM is sticking with the Opels 4 billion euro ($5.5 billion) investment plan and European subsidiary loss making strategy which will remain the same even after the change of leadership at GM headquarters in Detroit. Neumann said
"I will stay with Opel a long time. This is no short-term matter."
As he is also a member of key GM committees in Detroit He added that he will fight at Opel's corner and for the brand.
He Further added:
"I am responsible for General Motors in Europe, so I'm head of Europe for Detroit. I stand for Opel and will fight for the brand, and he could not work "against GM."
Neumann said Opel's Co with Peugeot of France will continue even after GM said it would sell down its 7 percent stake and the French auto maker announced it would seek closer ties to Dongfeng.
He Said:
"We do not want to marry or adopt Peugeot,We will continue to work together on projects which are of mutual benefit."
(Reporting by Edward Taylor; editing by Tom Pfeiffer)
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