Boston, MA 10\/21\/2013 (wallstreetpr) –\u00a0 All is not well at Opel and now the parent company\u00a0General Motors Company (NYSE:GM) has decided on a sales division altering as a way to boost its fortunes in Russia whose car market is kind of in a boom now. It means that leveraging Opel\u2019s Russian standing would help it crank up sales in that car market.<\/p>\n
According to GM, its future Russia business operations would be masterminded from its European headquarters in R\u00fcsselsheim in Germany, which is also the headquarters of Opel, its German subsidiary. Presently, GM\u2019s Russia sales are organized and supervised from Shanghai. These sales restructuring are expected to enhance Opel\u2019s sales in Russia to boost revenue.<\/p>\n
Russia is expected to be the automakers\u2019 biggest sales market in Europe and it thus makes a lot of sense that GM is seeking to increase its general foothold in the region, both for the main unit and its German subsidiary, Opel. No wonder Opel\u2019s CEO Karl-Thomas Neumann has termed the sales altering \u201cthe right decision at the right moment.\u201d<\/p>\n
In 2012, Opel sold 80K units in Russia which signified a significant sales growth for the company in the region. So far, Russia stands as Opel\u2019s third most important market after UK and Germany in the Eurozone.<\/p>\n
It is reported that Opel is already controlling 3% of the Russian car market and about 6% in the European market overall. GM also has foothold of this market, selling Cadillac and Chevrolet in Russia.<\/p>\n
In the last nine months of F2013, GM realized 4.6% in its global sales. This is attributed to strong demands in China and the U.S. markets in the Q3.13 which helped offset the ailing auto market in South America and Europe. The giant U.S automaker sold more than 7.25 units in the nine months duration. This also signified 5.5% surge in the Q3.13 sales, placing GM at podium position ahead of rival Volkswagen of Germany.<\/p>\n","protected":false},"excerpt":{"rendered":"
Boston, MA 10\/21\/2013 (wallstreetpr) –\u00a0 All is not well at Opel and now the parent company\u00a0General Motors Company (NYSE:GM) has decided on a sales division […]<\/p>\n","protected":false},"author":10,"featured_media":10747,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"rop_custom_images_group":[],"rop_custom_messages_group":[],"rop_publish_now":"initial","rop_publish_now_accounts":{"twitter_2902945987_2902945987":""},"rop_publish_now_history":[],"rop_publish_now_status":"pending","footnotes":""},"categories":[2018],"tags":[1047,1700,633,632],"stock_ticker":[],"class_list":["post-10746","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-automobile","tag-general-motors-company","tag-general-motors-company-nysegm","tag-gm","tag-nysegm","entry"],"acf":[],"yoast_head":"\n