Opel makes a loss, GM makes cash

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Automotive industry

Opel makes a loss, GM makes cash

Carmaker Opel is still in the red from being caught. This is no Surprise. Surprisingly, in contrast, are the quarterly results of parent company General Motors in the US: GM sets a record.

The largest US automaker General Motors is celebrating a strong Comeback. After the financial crisis of 2008 only a little Broke vorbeigeschliddert, the group now record profits. The SUV and Pickup truck Boom in the home market and strong business in China rinse General Motors (GM) a record in the cash.

The bottom line climbed the profit for the previous year, from 2.8 billion to 9.7 billion dollars (8.9 billion euros), as the largest US automaker announced. The sales went from 155,9 on 152,4 billion back. But that was down to the strong Dollar, the Auslandseinnahmen, after conversion into U.S. currency diminishes. “It was a strong year with sales and profits”, commented Vorstandschefin Mary Barra the Numbers.

The cheap Oil thanks

GM benefits most from a through Billigsprit and cheap Finanzierungszinsen-fueled sales Boom in SUV and pick-up truck in the United States. In addition, the group is successful in China. In the fourth quarter alone increased the Surplus in the year from 1.1 to 6.3 billion dollars. However, the Figures are strongly influenced by special factors distorted and difficult to compare. In the previous year, the balance sheet strong at high cost after a series of glitches due to defective Zündschlösser suffered.

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But also operationally ran it last better than expected – of the order of special items adjusted net profit increased from 2.4 to 2.8 billion dollars. The sales kept GM in the final quarter, stable year-on-year and 39.6 billion dollars. Thanks to improved profit margins, however, remained more money in the cash register. The forecasts of the analysts have been with the annual report exceeded. The group confirmed its annual targets and wants to win in 2016 to continue to increase.

Opel still drives afterwards

Europe remains a weak spot. In Europe, remained below the line, an operating loss of 813 million dollars ($744 million), a good half a billion less than in the previous year (1369 million dollars). In the fourth quarter was the operating loss in GM’s European operations to 298 million U.S. dollars fell to 393 million dollars in the fourth quarter of 2014. Currency effects and the withdrawal from the Russian market, weighed on business.

The German subsidiary Opel improves – but makes further loss. The return to profitability is planned for this year. “We can’t sit back and with the progress made so far be satisfied,” stressed Opel-Chef Neumann in a Letter to the employee. It, everything should be done in order to be profitable. “This is and remains an ambitious target, but without ambition there is no progress.”