Opel GT, page #14

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Opel Adam looking to get dirty with friends

If there's a single phrase in the automotive lexicon that makes us want to obliterate our delicate middle ear organs with a pickaxe, it's "lifestyle car." Opel has taken the unfortunate step of dropping the company's Adam into that phylum, which is a shame since the little runabout looks downright dashing in rally guise. Opel has just announced that it will show off its new FIA R2-spec Adam at the 2013 Geneva Motor Show next month. Expect to see the little competitor go through homologation and final development early this year, with privateer teams able to purchase their own shortly thereafter.
With a 1.6-liter four-cylinder engine that provides 185 horsepower and 140 pound feet of torque in rally spec, the Adam should be reasonably quick. A five-speed sequential transmission and limited slip differential put that muscle down, and four-piston Brembo front brakes help bring the party to a stop. The driver also gets the luxury of a hydraulic handbrake and the cabin is fitted with Sparco competition seats, an LCD gear indicator and a MONIT trip computer. Check out the full press release below for more information.
Opel is also set to show off its Adam ROCKS Concept. The design study is an "urban mini-crossover" that's both wider and taller than the current production Adam. Check out out in the associated gallery, and be sure to take a peek at the quick press release.

Opel to close German plant in 2016, fears continued Euro slump

The European financial crisis has claimed another victim, as Opel has stated that it is going to close its Bochum, Germany facility. The closure is set to occur in 2016, when the current Opel Zafira minivan ends its production run. According to Automotive News Europe, parent company General Motors is looking to minimize the impact to the 3,300-strong workforce by adapting the plant to focus on component and distribution efforts.
According to the report, GM believes the economy in Europe will not recover until 2014, and that this move was unavoidable. GM expects losses of between $1.5 billion to $1.8 billion from its Opel and Vauxhall brands in Europe. To try and stem the hemorrhaging, Opel is forced to lay off 2,600 employees, resulting in a $300 million spending cut. Another $500 million in cost cutting is excepted between from to 2013, through 2015 as part of a plan called Drive Opel 2022. The decade-long plan is rooted in cost-cutting, reorganization, and re-focusing products and marketing. As part of this plan, Opel will launch 23 new models between now and 2016.
Still, the plant closure comes as a blow to many Opel employees, and the labor union has hopes to save the Bochum facility. Unions, as well as the German Government, expect General Motors to compensate those who lose their jobs in this closure with appropriate severance packages. GM Europe stated that it is trying to move component production to the Ruhr Valley region, where the Bochum factory is located. It will be able to save some jobs through this effort, though certainly not all 3,300.

Opel plans return to motorsport

With a financial crisis ravaging the European automotive industry, many automakers have tightened budgets, and motorsports programs have, in many cases, been among the first things to go. That's the case at Ford and Mini, but it's the opposite at Opel, which announced its return to motorsports in the form of spec series for two very fun-looking hatchbacks.
The first racer is the Opel Adam Cup, which will participate in the ADAC Rally Masters competition for the Opel Rally Cup Trophy. The series will closely match FIA R2 specifications, and will offer special coaching for younger drivers that place well in the "junior rally" system. There will also be cash prizes.
If hosing the dirt off your car after every race isn't your thing, there's the Astra OPC Cup. Featuring Opel Astra OPC, the highlight of the season will be a 24-hour endurance race at the Nürburgring. As with the Adam Cup, there will be cash prizes.

GM, Peugeot cease tie-up talks over French bailout issue

The partnership General Motors (via Opel) and PSA Peugeot/Citroën began in February has produced more declarations and revisions than easily identifiable positive movement. A deeper collaboration between Opel and Peugeot has been mentioned a few times, perhaps even a sale of one to the other, and a report in October laid out joint plans like a small MPV for Opel/Vauxhall, a small car for both Opel and Citroën and two new platforms for small and midsize cars.
What observers can't glean from the proclamations is how all this can happen with Peugeot in constant, and worsening, financial trouble. The French company just accepted a bailout from the French government, the cash position at its lending arm so bad that the interest rates it had to charge were pricing it out of the car-loan market, and a new report in Reuters says that Peugeot is losing $200 million per month.
That cash-burn rate is better than a few months ago, but the Reuters report explains that the French government loan is "sabotaging" any chance of a closer tie-up between the two companies, said to include the possibility of "a full combination of Peugeot with GM's European unit Opel." That particular option, with a $5-billion buy-in from GM, could have allowed GM to get Opel off its books by making it part of a separate entity. The French government's terms for the loan, however, mean that Peugeot can't shed workers and factories as it would need to in order to make the new entity, and any deeper ties with Opel, viable.

Opel curtails plans for Adam EV

With the price premium of electric vehicles still high, Opel is reportedly holding off on development of the Adam EV to avoid giving customers sticker shock. According to Automotive News Europe, Opel was working on an electric version of the Adam minicar that was unveiled at the Paris Motor Show, but the price the automaker would have had to charge for the final product was apparently too high to reasonably ask for from customers.
The article says that Opel had already made an Adam EV test mule using components from the electric Chevrolet Spark that goes into production next year. Even using shared technology, however, the anticipated pricing made it a bad business case. Opel's head of sales and marketing, Alfred Rieck laid out the chicken-and-egg scenario, saying that some customers are not willing to pay the higher prices for EVs right now, but that the only thing that will drive the prices down is increased sales.
With this in mind, it will be interesting to see where the Spark EV is priced and how well it does with customers.

Opel Cascada is Europe's Buick convertible [w/video]

As we reported earlier, there has been much speculation regarding a Buick convertible of sorts. The most ringing endorsement of this conjecture comes today from General Motors Europe, as the new Opel Cascada has debuted on the interwebs. Opel calls the four-passenger Cascada an "athletic, glamorous midsize convertible." With a length of 4,697mm (185 in.), the Cascada is as long as an Audi A5, to which GM has said it would be slightly larger.
The Cascada, which is Spanish for waterfall, features a cloth convertible top that retracts in 17 seconds and at speeds up to 50 km/h (31 mph). The Cascada features a 1.4-liter turbo gas engine, 2.0-liter turbodiesel with 165 horsepower and a range-topping 1.6-liter turbocharged Ecotec engine that puts out 170 horsepower and 280 Nm (207 lb-ft). Power is sent through either a six-speed manual or six-speed automatic transmission.
According to GM, the Cascada will also come rife with luxury and tech features. In addition to adaptive forward lighting and ergonomic heated front seats, the convertible will feature Opel Eye, which is a front camera that can recognize traffic signs and incorporates lane departure warning and forward collision alert.

GM pondering even closer Opel joint venture with PSA Peugeot Citro"en

Let's face it, even when they go well, partnerships rarely go as planned. Almost eight months after General Motors spent $423 million to snag seven percent of Peugeot, we on the outside are still wondering what the plan is. When the tie-up was announced, the main benefits were listed as purchasing power and platform sharing, and only a month after that, a deeper collaboration was discussed that would involve development of a dual-clutch transmission and a small car for Latin America.
We don't know what's come of it other than a potential write-down and Peugeot continuing to take a beating, but Reuters reports that the first phase of the venture is complete and now the two companies are working on more involvement for the second phase. A French newspaper report says one option for advancement would be the two companies becoming 50-50 partners, with GM kicking in more money for the privilege of doing so. Neither side would comment, but according to one Reuters source, the options on the table have also included "selling Opel to Peugeot, buying Peugeot's automotive business or putting them all together in a new entity."
If Peugeot bought Opel or vice versa, that would make sense - but only for the seller, who could wash his hands of the misery. The buyer would then have two poorly performing brands with deep structural problems, huge cash requirements and two national governments chaperoning its moves. We're not sure how the other possibilities mentioned could help Peugeot or Opel out of their quandaries, but we know something has to happen so it's likely we'll hear more soon enough.

Five reasons why GM would be better off without Opel

Sale Denials Aside, GM's Future Looks Brighter With One Less European Partner
If GM can find a way to kick its German unit to the curb, it will do so in a heartbeat.
Even though the recent rumors of Opel being sold by General Motors to Fiat were roundly denied, there is still a lot of merit in the idea of an Opel-less GM. And you can be sure that if the company can find a way to kick its German unit to the curb, it will do so in a heartbeat. Here's five reasons why GM should be looking for a way out:

GM says it will not sell Opel, Fiat still ready to buy

Automotive News reports General Motors has no interest in selling Opel. The statement comes after an Italian newspaper implied Fiat was ready to buy the brand should the alliance between GM and PSA/Peugeot Citroen fail. The publication reported that Fiat CEO Sergio Marchionne is already crafting a proposal to acquire the German brand in the event GM calls it quits, using a strategy similar to the one that saw Fiat win Chrysler.
Fiat has declined to comment on the situation, but GM Vice Chairman Stephen Grisky said in a statement that GM stands behind Opel and that the brand is "a fully integrated part of GM's global footprint."
Grisky also said the GM-PSA alliance is still strong.

Opel Adam is the little hatch to begin a big turnaround

Opel's bottom line suffers from a medical condition called "hemorrhaging" and investment bank Morgan Stanley isn't alone in believing that General Motors should let the German brand go. But they haven't seen the Opel Adam. The diminutive hatch that can come off as a little bulbous up front and busy all over depending on the angle of the photo has a welcoming presence in person. Of course, it's too much to ask that this one petite runabout reverse the fortunes of a company on the wrong side of profitability for more than a decade, but to our eyes, it's a great candidate to lead the charge.
Buyers of the Opel/Vauxhall warrior in the premium subcompact segment get a five-speed manual transmission tied to one of three gasoline engines in 69-, 86- and 99-horsepower classifications. Next year will see the introduction of the three-cylinder engines that GM has developed with its Chinese partner SAIC. In the UK, it will start at around £11,000 ($17k USD including Value Added Tax) and will find space in its tiny frame for features like stop/start, ESP, Hill Start Assist, airbags all around and dual-mode power steering.
The Jam, Glam and Slam trim lines will start hitting streets next year. For now there are high-res galleries and a press release below.