Glava Opel Automobile Michael Roseller presented an ambitious strategic plan, “PACE!”, which will restore the financial Foundation to accelerate growth and improve the competitiveness of the company. Recall that Opel and Vauxhall was bought this year by the French Alliance of General Motors for 2.2 billion euros.
The number of platforms in the models of brands Opel/Vauxhall by 2024 will be reduced from nine to two and, as you might guess, this will be the architecture of the PSA — CMP and EMP2. There will be a gradual transition to the motors and the powertrain group Peugeot-Citroen, while the number of families powertrains will be reduced from ten to four.
By 2024, all cars in Europe will be electrified, running from electric batteries or rechargeable hybrid setup. In the first stage, by 2020, Opel/Vauxhall, will present on the market four models, including the Grandland rechargeable hybrid and all-electric X Corsa new generation. All new cars will be developed on the basis of the German rüsselsheim, which will soon become a global center for collaboration with the Groupe PSA.
In terms of financial performance, the Opel Automobile plans to increase profits and operating margin to 2% by 2020, and 2026-th – 6%. For comparison, the VW Group this option is 4%.