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New Plan for Opel/Vauxhall Revival May Cost Jobs

CEO Lohscheller says all European plants getting updated.

by on Nov.09, 2017

Opel CEO Michael Lohscheller lays out the details for the company's plan, PACE!, to be profitable by 2020.

Opel/Vauxhall officials laid out the plans for the newly separated-from-GM company to be profitable by 2020 while implementing plans to electrify its product portfolio by 2024.

The plan, named PACE!, for profitability includes potential measures to eliminate redundancies with its new parent company, PSA Group. However, Opel/Vauxhall CEO Michael Lohscheller said the company plans to modernize each plant in Europe and allocation of new products will be determined based on plant performance.

Electrifying News!

“Our clear plan is to refrain from forced redundancies,” he said. “We want to keep and modernize every single plant in Europe.”  (more…)