AIRLINK 68.09 Increased By ▲ 2.89 (4.43%)
BOP 5.51 Decreased By ▼ -0.06 (-1.08%)
CNERGY 4.49 Decreased By ▼ -0.07 (-1.54%)
DFML 25.71 Increased By ▲ 1.19 (4.85%)
DGKC 69.00 Decreased By ▼ -0.96 (-1.37%)
FCCL 20.15 Decreased By ▼ -0.15 (-0.74%)
FFBL 30.60 Increased By ▲ 1.49 (5.12%)
FFL 10.02 Increased By ▲ 0.19 (1.93%)
GGL 10.05 Increased By ▲ 0.04 (0.4%)
HBL 113.81 Decreased By ▼ -0.44 (-0.39%)
HUBC 130.55 Increased By ▲ 1.45 (1.12%)
HUMNL 6.70 Decreased By ▼ -0.01 (-0.15%)
KEL 4.40 Decreased By ▼ -0.04 (-0.9%)
KOSM 4.83 Decreased By ▼ -0.06 (-1.23%)
MLCF 36.57 Decreased By ▼ -0.43 (-1.16%)
OGDC 132.32 Increased By ▲ 0.02 (0.02%)
PAEL 22.52 Decreased By ▼ -0.02 (-0.09%)
PIAA 25.66 Decreased By ▼ -0.23 (-0.89%)
PIBTL 6.62 Increased By ▲ 0.02 (0.3%)
PPL 113.26 Increased By ▲ 0.41 (0.36%)
PRL 29.00 Decreased By ▼ -0.41 (-1.39%)
PTC 14.91 Decreased By ▼ -0.33 (-2.17%)
SEARL 57.40 Increased By ▲ 0.37 (0.65%)
SNGP 65.85 Decreased By ▼ -0.60 (-0.9%)
SSGC 10.97 Decreased By ▼ -0.01 (-0.09%)
TELE 8.76 Decreased By ▼ -0.04 (-0.45%)
TPLP 11.54 Decreased By ▼ -0.16 (-1.37%)
TRG 68.45 Decreased By ▼ -0.17 (-0.25%)
UNITY 23.48 Increased By ▲ 0.08 (0.34%)
WTL 1.34 Decreased By ▼ -0.04 (-2.9%)
BR100 7,355 Increased By 60 (0.82%)
BR30 23,970 Increased By 116.2 (0.49%)
KSE100 70,559 Increased By 268.4 (0.38%)
KSE30 23,233 Increased By 62.2 (0.27%)
Markets

Opel eyes substantial profit in 2012

FRANKFURT : General Motors' European unit Opel will make a substantial three-digit million euro profit in 2012, Automoti
Published July 9, 2011

opFRANKFURT: General Motors' European unit Opel will make a substantial three-digit million euro profit in 2012, Automotive News Europe said, citing company sources.

Opel lost $1.6 billion last year and is undergoing a drastic restructuring, but is expected to break-even this year and show profit in 2012.

In an interview with Automotive News Europe, new Opel CEO Karl-Friedrich Stracke confirmed the company's aim for 2011.

"Our goal is to be substantial profitable beginning next year," he told the magazine, but declined to give precise details.

GM Europe President Nick Reilly told Reuters last month the restructuring was ahead of plan.

Copyright Reuters, 2010

Comments

Comments are closed.