According to Akerson, GM is making good progress in negotiations with German unions representing its Opel brand. GM is working to make Opel more efficient, which includes provisions to improve productivity, reduce cost and eliminate excess capacity in the region.
Opel Supervisory Board Chairman Stephen Girsky said that the German brand is ultimately working towards sustainable profitability. "Part of that are reductions in production costs, raising vehicle sales and achieving higher profit margins," Girsky told Automotive News. "We are also working hard to reduce unnecessary structures and bureaucracy."
Despite its losses in Europe during the second quarter, the Detroit-based automaker was able to post a $1.49 billion profit during the period. Analysts expect GM to post a $1.4 billion loss in Europe this year.
