A little more than a year after their acquisition by PSA Group, Opel and sibling brand Vauxhall are on the path to sustainable profits after a decade of losses. Under CEO Michael Lohscheller, who will speak at the Automotive News Europe Congress in May, the German automaker is building a lineup of popular SUVs and is preparing to launch the latest version of the Corsa.
Opel CEO Lohscheller to speak at Automotive News Europe Congress
Photo
Lohscheller
Key facts
What: 22nd Automotive News Europe Congress
When: May 21-22
Where: Gothenburg, Sweden
Cost: $1,130; early rate ends March 31
Information: ane-congress.com
Exclusive lead sponsor: EY
Host sponsor: Volvo
This year, Opel will go electric, introducing a plug-in hybrid version of the Grandland X SUV and a full-electric Corsa. Looking ahead, Opel's targets include a recurring operating profit by next year, a completely electrified lineup by 2024, increasing its commercial van business and expanding the company's reach through overseas market opportunities.
