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Noun1.Opel - German industrialist who was the first in Germany to use an assembly line in manufacturing automobiles (1871-1948)
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Andrew Dunstan, Executive Director, Opel Sales - Central & Eastern Europe and International Operations, added: "Opel has ambitious long-term growth plans which will see significant investment in our product portfolio, including 23 new models and 13 powertrains comprising three all-new engine families.
Opel and its British sister brand Vauxhall are present in over 50 countries around the globe.
With the Raderberggurtel site, PSA Retail will close a former gap for the Opel brand in the Cologne area.
Anne Abboud, Director of PSA Retail, said: "The opening of two Opel sites in Cologne is a major move for PSA Retail as it sustains its ambition to accompany Opel's 'PACE!' plan, as well as to become, in the short term, one of the five top distributors of the brand with the lightning-bolt badge.
Opel and the works council also agreed on the permanent employment of apprentices from the period summer 2018 to winter 2019.
Opel decline aujourd'hui la maniere dont il voit l'avenir de la marque, qui se caracterise par son attitude claire et ouverte sur les autres cultures, dans une campagne diffusee sur Internet et les reseaux sociaux.
Fitch has also downgraded Opel Finance International B.V.'s (OFI) senior debt and programme long-term ratings to 'BBB+' from 'A+'.
Peugeot SA (UG.FR) said on Thursday that the finance unit of its Opel car brand would look to increase the number of financed and leased Opel vehicles.
According to Reuters, PSA believed US auto giant General Motors (GM) owed the company between AaAaAeA@1/4600 million and AaAaAeA@1/4800 million becaus "misrepresented Opel's CO2 challenges and emissions trajectory during negotiations prior to the March acquisition deal and its formal closing on July 31."
A new organisation combining the existing brands Opel Bank, Opel Financial Services and Vauxhall Finance has been created.