Karl-Friedrich Stracke named as new CEO of Opel/Vauxhall

Article by Christian Andrei, on March 18, 2011

Starting April 1, Karl-Friedrich Stracke will replace Nick Reilly as CEO of General Motors Co.’s Opel/Vauxhall unit. For the past year and a half, Stracke has headed GM's global vehicle engineering.

Stracke will directly report to Reilly, who will continue to lead GM's European operations and will be nominated to be the chairman of the Opel supervisory board.

GM said that the move strengthens its management as its European operations proceed with their growth plan.

In a statement, GM CEO Dan Akerson said that GM considers the European market and its European operations to be important and so these actions will guarantee that it will put in the best leadership as it continues to grow and improve profitability.

Stracke has been with GM for 32 years. He is joining Opel/Vauxhall as it seeks to become profitable once again after having had to reduce capacity by a fifth and cut about 8,000 of its 48,000 workforce.

For 2010, GM Europe was GM's only unprofitable division. Returning to profitability would be the key to GM Europe's recovery. Last year, GM lost $1.76 billion in Europe.

GM Europe is expected to break even this year, before restructuring costs are taken into account. Aside from serving on the Opel supervisory board, Reilly will also continue to oversee Chevrolet and Cadillac in Europe. In November 2009, Reilly joined GM Europe after handling GM's international operations based in China for three years.

Topics: opel, ceo, vauxhall

If you liked the article, share on:


Login or Create new account to add a comment!


Many have been excited with the impending arrival of the next-generation Jeep Wrangler and the new 2019 Jeep Grand Wagoneer, which is slated to be the brand’s new range-topping model....
by - October 21, 2016
Chevrolet has taken the wraps off its new Chevrolet Colorado ZH2 at the fall meeting of the Association of the United States Army (AUSA). Tagged as the most extreme fuel-cell-powered...
by - October 21, 2016
Honda has unveiled the fifth generation of its hot-selling SUV – the 2017 Honda CR-V. The latest iteration of the CR-V should help it maintain its benchmark status in the...
by - October 21, 2016
Many are already expecting BMW to launch an ultra luxurious SUV that will serve at its new flagship by late 2018. Larger than the X5 and X6, the new X7...
by - October 21, 2016
Most of you may have heard or already have one of those autonomous home appliances doing the house chores. Thus, it’s not anymore unusual to see a car going places...
by - October 20, 2016