Opel has "special prioritisation" as Stellantis' only German brand - CEO
Reuters
Published Nov 11, 2021 05:37AM ET
BERLIN (Reuters) - Opel's status as the only German brand within the Stellantis group affords it "special prioritisation," said the carmaker's chief executive on Thursday, following concerns from unions over the company’s future in the country.
"We are the only German brand. We are building off this and with it I believe we will find success with the Opel brand," Uwe Hochgeschurtz said at an online summit organised by German newspaper Handelsblatt.
Opel has closed its Eisenach plants in Germany until at least the end of the year due to chip shortages. Workers there accuse Stellantis of exploiting Germany's furlough scheme to move production out of the country.
Hochgeschurtz will meet with the finance ministers of the three German states where Opel has plants - Rhineland-Palatinate, Hesse, and Thuringia - on Nov. 19, ahead of a planned meeting later this month between Stellantis CEO Carlos Tavares and the premiers of those states.
Hochgeschurtz also said that Opel was prioritising the use of the chips it already had on hand to put towards electric vehicles, and he did not want to speculate too much on when the chip shortage would be over.
Get The News You Want
Written By: Reuters
Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.