Company Overview of Adam Opel AG
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.
Founded in 1862
Key Executives for Adam Opel AG
Chairman of the Management Board and Chief Executive Officer
Chief Financial Officer and Member of Management Board
Vice President of Sales & Aftersales
Vice President of Manufacturing for Europe Region and Member of Management Board
Vice President of Engineering - GM Europe and Member of the Management Board
Compensation as of Fiscal Year 2014.
Adam Opel AG Key Developments
Opel Plans to Launch a Range of Entry-Level Cars
Jul 23 14
Opel is planning to produce a range of entry-level cars. The company is reported to be launching the vehicles to recapture the budget customer. The company has been considering if it should enter the value segment in Europe for some time, and management is now looking for ways to expand the Opel range following a multiyear restructuring. This step has been taken as part of a broader European revamp to turn over organisational responsibility for GM's brands in Europe to Opel Group GmbH.
Opel Starts Construction of a Engine Development Centre in Ruesselsheim; Plans to Close Assembly Plant in Bochum by the End of 2014
Jul 14 14
Opel started the construction of a EUR 210 million (USD 286 million) engine development centre in the western German town of Ruesselsheim.
The company will close its assembly plant in Bochum by the end of 2014.
Opel Wins EUR 2.3 Million Deal to Supply 80 Police Cars in Berlin
Jul 10 14
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.
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