July 11, 2014 9:08 PM ET

Automobiles

Company Overview of Adam Opel AG

Company Overview

Adam Opel AG engages in the manufacture and distribution of passenger cars and light commercial vehicles worldwide. Adam Opel AG was founded in 1862 and is based in Ruesselsheim, Germany with locations in Szentgotthard, Hungary; Aspern and Vienna, Austria; Italy; Gliwice, Poland; Germany; Figueruelas and Zaragoza, Spain; and the United Kingdom. Adam Opel AG operates as a subsidiary of General Motors Europe AG.

Bahnhofsplatz

Ruesselsheim,  65423

Germany

Founded in 1862

Phone:

49 6142 770

Fax:

49 6142 778800

Key Executives for Adam Opel AG

Chairman of the Management Board and Chief Executive Officer
Age: 53
Chief Financial Officer and Member of Management Board
Age: 46
Vice President of Sales & Aftersales and Member of Management Board for Sales
Age: 53
Vice President of Manufacturing for Europe Region and Member of Management Board
Age: 52
Director Labor Relations and Member of Management Board
Age: 57
Compensation as of Fiscal Year 2014.

Adam Opel AG Key Developments

Opel Wins EUR 2.3 Million Deal to Supply 80 Police Cars in Berlin

Adam Opel AG has won a contract, worth some EUR 2.3 million to supply 80 equipped police cars in Berlin. Opel won the deal as it submitted the most economically advantageous offer in terms of quality and price in the open tender launched by the procurement unit of the police authority of the German state of Berlin. The contract term is from July 8, 2014 to December 1, 2014.

Opel Reaches Severance Deal with Workers at Bochum Factory

Opel has reached a severance deal with workers at its Bochum factory in Germany. The company has been negotiating with labour union, IG Metall, regarding the terms of a severance deal after it decided to close the Bochum factory in April 2013, as part of a drive to bring down costs in Europe. The closure of the plant is likely to cost around EUR 550 million.

Opel to Launch 27 New or Redesigned Models

Opel is launching 27 new or redesigned models by the end of 2018.

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Recent Private Companies Transactions

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