Breaking News

Asia Today ISSN 1861-4604 Monday, September 24, 2018


Slumping sales broke Opel chief neck


Share on Facebook July 13, 2012, Reporter : Deutsche Welle, Reader : 715



General Motors has grown increasingly impatient with reforms at its European division, comprising carmakers Opel and Vauxhall. The resignation of Opel's chief came on the back of a sales disaster this year.

German automaker Opel's sales dipped by about 8 percent in the first half of 2012, the mass-circulation Bild newspaper reported on Friday. New registrations of Opel vehicles in Germany went down by 9.3 percent over the same period.

Analysts said there could be no doubt that the carmaker's sales problems were the number-one reason for the surprise resignation of Opel chief Karl-Friedrich Stracke on Thursday. Michael Robinet of the IHS Consulting Firm near Detroit in the US said Opel's parent company, General Motors, had grown more impatient with the slow pace of change in its European division. DWindecision


More Euro Asia news of the month

Photos Japan wants to construct world’s tallest wooden skyscraper

TOKYO, Japan - As the Japanese company, Sumitomo Forestry marks its 350th anniversary in the year 2041 - it is aiming to unveil its...

Photos Tochinoshin grabs sole lead as Kakuryu loses again

Tochinoshin snatched a one-match lead Thursday after yokozunaKakuryu suffered his second loss in as many days at the New Year Grand Sumo...

Photos For the first time in years, snow alert issued in Japan

TOKYO, Japan - For the first time in four years, Japan Weather Agency has issued a ‘Heavy Snow’ alert, warning that there...

Photos Japanese police recover more dead bodies from capsized boat

TOKYO, Japan - On Tuesday, the Japanese police recovered seven bodies from a wooden boat, with indications that the boat likely came...

Photos Panasonic develops two-passenger automatic driving vehicle

Fukui [Japan], December 8. (ANI): Japanese electronic giant Panasonic has developed a two-passenger compact vehicle equipped with its...

Photos Japan’s Toray admits to more cases of data falsification

TOKYO, Japan - In a damning admission, Japan’s Toray Industries on Tuesday revealed 149 cases of quality data falsification at a...

Photos North Korean fishermen mysteriously wash ashore in Japan

TOKYO, Japan - Japanese police said that they had arrested eight men from a boat that washed ashore the coast in Japan. The police...

Photos Ardent Pokémon Go fans catch 500 million Pokémon in two days

TOKYO, Japan - In a bid to reignite the global craze about the game that lets players go to lengths for region-locked pocket monsters,...

Photos Japan Deepens Economic Support for Philippines in Rivalry With China

TAIPEI, TAIWAN - Japan is deepening its influence in the Philippines to vie with regional rival China, a welcome boost for an...

Flying Reimagined

Stock Index

Monday, September 24, 2018

Life Style

Photo Gallery