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THE BIZNOB – Global Business & Financial News – A Business Journal – Focus On Business Leaders, Technology – Enterpeneurship – Finance – Economy – Politics & LifestyleTHE BIZNOB – Global Business & Financial News – A Business Journal – Focus On Business Leaders, Technology – Enterpeneurship – Finance – Economy – Politics & Lifestyle

Business

Business

Automobile manufacturer Stellantis is optimistic about the future of German brand Opel, according to a magazine

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According to Uwe Hochgeschurtz, the executive vice president for Europe at the Franco-Italian automaker Stellantis, the firm is hopeful about the future of its German subsidiary, Opel.

The Italian-American conglomerate Fiat Chrysler Automobiles (FCA) and the French PSA Group joined in 2021 to form Stellantis N.V., an international car manufacturing company.

The company’s main office is in Amsterdam.

In 2021, Stellantis was the world’s fifth-largest carmaker in vehicle sales after Toyota, Volkswagen, Hyundai, and General Motors.
The Borsa Italiana in Milan and Euronext Paris are the two key marketplaces for the company’s stock.

The design, development, production, and sale of automobiles under Stellantis’ 16 brands, including Abarth, Alfa Romeo, Chrysler, Citroen, Dodge, DS, Fiat, Fiat Professional, Jeep, Lancia, Maserati, Mopar, Opel, Peugeot, Ram, and Vauxhall, constitute the company’s main business.

Stellantis had almost 300,000 employees at the time of the merger, offices in more than 130 locations, and manufacturing plants in 30 nations.

Hochgeschurtz believes in Opel’s line of products and thinks the company will remain independent.

He said that Opel’s design center in Ruesselsheim was one of the most innovative in the company. He said the German factories had a steady stream of work, which made them safe for the future.

Hochgeschurtz says that Opel’s market share is decreasing because there must be more ways to get cars to dealers.
He claimed that although they had clients and finished cars, they needed more truck drivers to deliver them. As a result, Opel has allowed salespeople to visit the company’s depots and pick up the vehicles themselves as a solution to this issue.

Although Europe continues to be Opel’s primary market, Hochgeschurtz thinks Latin America, Turkey, and North Africa are strong export markets.

 

 


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