Opel, the crisis-plagued European subsidiary of
US-based General Motors, believes it can at least halt the slide in
its market share in 2013 with its newly introduced Mokka and other
freshly minted models.
"The keys to success in a difficult market environment are strong, new models," Opel's interim chief, Thomas Sedran, told dpa Tuesday at the North American International Auto Show in Detroit.
With the eurozone back in recession, the company is projecting that the European car market will contract by 4 per cent, he said.
"Despite that, we want to at least stabilize our market share this year in Europe," Sedran said.
GM has said it projects German-based Opel to report a 2012 loss of 1.8 billion dollars, with a return to profitability by the middle of the decade.
Most Popular Stories
- Consumer Spending Will Offset Sequester: Economists
- Hispanic Grads Pass Their Peers in College Enrollment
- AT&T Seeks to Fill 120 Jobs in South Carolina
- Gas Prices Expected to Stay High
- California Considers Oil Tax to Fund Schools
- Dude! California Beach Parking Plan Making Waves
- Ford's Supplier Diversity Program Turns 35
- Yahoo to Pay $1.1 Billion for Tumblr
- NTSB Wants to Lower Blood Alcohol Limit to 0.05
- Boise Terror Suspect Pleads Not Guilty