Opel Manta, page #15

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Discussion Topics for Autoblog Podcast Episode #299
2013 Honda Accord

Morgan Stanley says GM should bail on Opel

General Motors should walk away from its European brand and settle its losses, one financial institution said this week in a report.
Morgan Stanley analysts said Thursday that Opel has cost GM $10 billion to $20 billion over the past three years, and if GM keeps the brand, it will cost it up to another $12 billion over the next 10 years. Even selling off Opel could cost GM up to $13 billion, the report concluded.
GM considered selling off the brand three years ago when the company filed for bankruptcy protection. However, that plan ultimately failed when the board of directors turned it down. Since then, Opel has had several changes in leadership and remains plagued with financial problems.

Opel cutting work hours in two plants to avoid layoffs

Trying to make the best of a nasty situation for everyone involved, Opel has reportedly worked out an agreement with its Works Council and the IG Metall union to reduce working hours at two of its plants. From the end of September until the end of the year, there will be 20 days of short shifts and short working days for two Opel facilities: the Rüsselsheim factory that builds the Insignia and Astra and the Kaiserslautern component plant. About half of the 13,800 Rüsselsheim employees will be affected, including everyone but engineers, along with all 2,500 workers at Kaiserslautern.
The move helps keep people employed, and a German goverment program called Kurzarbeit - short work - will reimburse workers either 60 or 67 percent of their lost wages. Analysts commenting on the plan say, yet again, that it will not help the practically Europe-wide issue of overcapacity, which in the case of General Motors is said to equal the output of ten factories. Nor will it help Opel's slide: deliveries in the first half of this year are down 15 percent. The Adam subcompact and the promised restructuring can't come soon enough.

Opel Insignia OPC getting facelift. Will the Buick Regal GS see it, too?

We've seen spy shots of the base Opel Insignia wearing facelifted front and rear ends, and now it appears that the more potent OPC version will be benefitting from a nip/tuck, as well.
The front bumper has been redesigned, incorporating new air intakes - toned-down versions of the model's signature fangs - as well as a new grille. Out back, there will be minimal changes to the overall fascia, most likely stuff like slightly redesigned taillamps, and inside, these spy shots show a larger navigation/infotainment screen sitting atop the center console.
This is all well and good for the Insignia, but we're wondering how these changes will impact North America's Buick Regal GS. No, it may not share the same powertrain punch as the Euro-spec OPC, but visually, the cars are nearly identical. When questioned about possible changes for the GS, a Buick spokesperson told us that the automaker "can't comment" on any changes at this point. Even so, we wouldn't be surprised if some small changes come our way in the next year or so.

Volvo denies boss Jacoby is taking a run at Opel CEO post

It seems that every news report that involves the name "Opel" is eventually followed by a report that says, "Uh, never mind." Executives fill positions, then they're gone, or they're supposed to fill positions but duck out before doing so, five-year product offensives turn into grabbing for life preservers, and turnaround plans are followed by... new turnaround plans. With the recent departure of Opel CEO Karl-Friedrich Stracke, Swedish newspaper Dagens Industri reported that Volvo CEO Stefan Jacoby topped the list of candidates to sit in Opel's very hot seat.
Volvo spokesman Stefan Elfstrom has piped up to say "Mr. Jacoby is fully occupied with running Volvo and has no plan for leaving his present job." Stranger things have happened, though, and who knows what the truth is, but we have to admit we'd be surprised if Jacoby jumped off the Volvo express - recently given an $11-billion boost by parent company Geely - to take his chances in the Opel maelstrom.
So Opel's search for a CEO continues. At least we have the Adam to look forward to.

GM designer Lyon bails just days before taking over Opel/Vauxhall

Dave Lyon won't be taking over as head of design for Opel and Vauxhall after all. The Detroit Free Press reports the designer abruptly left General Motors last week for unknown reasons, just days before he was supposed to step into his new role. The defection is the latest in a string of management upsets at the two marques. Earlier this month, Opel CEO Karl-Friedrich Stracke departed to assume other duties within GM, opening the door for Steve Girsky to step into the role for the time being.
Lyon joined GM in 1990 and worked as the executive director of GM Asia Pacific design before transitioning to his post as head of North American interior design. He was instrumental in penning the cabin of the 2013 Cadillac XTS and the Chevrolet Volt. He also helped steer Buick toward greater design consistency with Opel. The new position would have made him vice president of design for GM Europe.

Cadillac XTS to become Opel flagship sedan?

According to Auto-News.de, Opel is considering using Cadillac's all-new big sedan, the XTS, as the base for its new flagship car, which would likely carry the name Omega.
WorldCarFans.com speculates that Opel could use GM's 3.6-liter direct-injection V6 that generates 304 horsepower or, possibly, a 2.8-liter turbocharged six-cylinder engine that creates 321 horsepower to power the vehicle. The European automaker could even use a 195-horsepower turbocharged four-cylinder engine in this application - fine, since many of Europe's largest sedans are powered by smaller, more efficient engines.
Regardless of power, the Omega could arrive at dealerships by the end of 2013.

Opel turnaround architect Girsky steps in as interim GM of Europe boss

Europe is a mess. The French auto industry is doing its best imitation of 1980s-era Flint, Michigan, Mitsubishi just sold an assembly plant for a single euro and pundits are calling for Ford and General Motors to just bail on the whole continent, where sales are dropping at an alarming rate.
Good luck, Steve Girsky.
General Motors announced today that Karl-Friedrich Stracke, its European president and CEO of the Opel empire is out, and vice chairman Steve Girsky has the reins, at least on an interim basis. Girsky had been serving as chairman of the Opel Supervisory Board, crafting a turnaround plan for the beleaguered GM subsidiary. Stracke will "take on special assignments reporting to GM chairman and CEO Dan Akerson," according to an official press release. (Bonus points are duly awarded for not saying that he would be spending more time with his family.)

Vauxhall sans Opel could reallign with GM Daewoo, Holden

Chevrolet Aveo, a.k.a Chevrolet Kalos/Daewoo Gentra/Holden Barina/Pontiac Wave - Click above for a high-res image gallery
Eyebrows raised at reports that General Motors could hold on to its British subsidiary Vauxhall even if - or, more likely, when - its German counterpart Opel would leave the family. With the model ranges of the two European GM divisions intertwined, a Vauxhall without Opel would seem like an empty shell. New reports suggest, however, that instead of re-plastering Opels with the griffin badge, the British marque could instead continue operations under GM ownership by importing products made by GM Daewoo Auto & Technology.