Automotive Industry

GM Europe won't make profit until it is more efficient.(Opinion)

Automotive News Europe, April, 2004

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Byline: Wim Oude Weernink

Fritz Henderson takes over as head of General Motors Europe on June 1. Interim CEO Bob Lutz, who is setting Henderson's agenda, will leave his replacement a clear message: more cost savings are needed in Europe.

GM Europe has come a long way in recent years.

Opel more or less met its Olympia restructuring targets. GM's German subsidiary has slashed 25,000 jobs, cut production capacity by 800,000 units and shaved around [euro]2 billion off its costs in the past three years.

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Automotive Industry

GM Europe won't make profit until it is more efficient.(Opinion)

Automotive News Europe, April, 2004

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