Opel plans to start exporting cars to Tunisia and Morocco from its European plants, CEO Michael Lohscheller told German daily Frankfurter Allgemeine Zeitung in an interview.
“We see good opportunities for us overall,” Lohscheller was quoted by the paper as saying of its African prospects.
Lohscheller said he was not concerned that the sale of Opel cars in Africa could cannibalize sales of parent PSA Group.
“There are buyers who consciously choose a French brand and there are those who consciously pick a German brand,” he told the paper.
He also said that Opel was making progress with its cost-cutting efforts.
PSA agreed in March to buy Opel from General Motors in a deal valuing the business at 2.2 billion euros ($2.73 billion).
PSA has given Opel until 2020 to return to profit as part of a recovery plan aimed at shifting the brand’s model line-up onto PSA’s production platforms.
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