Monday, 20 July 2015

EU Gains Not Enough to Stave Opel Production Reductions

Opel Bochum - Picture courtesy
Recent sales growth in the EU hasn’t been kind to Opel as the group is forced to reduce hours at two German plants.
According to Automotive News, Opel will cut production of the Adam and Corsa at Eisenach and Insignia and Zafira Tourer at Ruesselsheim. The move is due to Opel’s exit from the Russian market and what the automaker calls “moderate” gains in the rest of Europe.
However, within the EU, overall sales for all automakers are up 8.2 percent in the first six month of this year and 14.6 percent in June, according to ACEA.
Opel and Honda are the only two automakers to see sales decline within the EU versus the same six month period last year. Opel experienced a 0.7-percent drop in overall group sales in the EU. Honda took an even harder hit with an 7.9-percent decline.
On the other end of the graph, Mitsubishi has posted 57.0-percent growth in the EU, though that percentage is based on relatively low volume compared to others. Nissan is the runner up at 21.6-percent growth while Jaguar-Land Rover (16.9 percent), Daimler (15.0 percent), FCA (12.9 percent) and BMW (12.0 percent) all saw double-digit percentage growth, beating the overall six-month average.


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