GM’s Opel Could Break Even Ahead of Schedule – Wall Street Journal
RÜSSELSHEIM, Germany—General Motors Co.’s European unit, Adam Opel AG, appears to be on the cusp of breaking even before its 2016 target date—welcome news for GM Chief Executive Mary Barra amid the fallout from a massive recall that is expected to take a $1.3 billion bite out of GM’s first-quarter profit.
For years, Europe was GM’s biggest headache. The auto maker’s main European business, Opel, posted declining sales, heavy losses and a depleted brand. Then, GM brought in a team of outsiders, led by former Volkswagen AG…