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GM’s Opel Aims for Profit by 2012, CEO Reilly Tells Rundschau

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Aug. 7 (Bloomberg) -- General Motors Co.’s Opel unit should return to a profit by 2012 at the latest, Nick Reilly, Opel’s chief executive officer, told Frankfurter Rundschau.

Opel aims to boost its market share in Germany to a double-digit percentage amount from about 8 percent, Reilly said in the interview. The company’s new compact car, “Junior,” should be street-ready in about 2 ½ years, he told the newspaper.

To contact the editor responsible for this story: Aaron Kirchfeld at akirchfeld@bloomberg.net

To contact the editor responsible for this story: Frank Connelly at fconnelly@bloomberg.net.

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