Stefan Jacoby denies rumors that it may leave Volvo to become Opel CEO

Article by Christian Andrei, on August 7, 2012

Volvo CEO Stefan Jacoby won’t be leaving the company to be the CEO of Opel. Volvo made this announcement in response to a Swedish business publication Dagens Industri report that he is the top contender for the post. Automotive News Europe talked to a Volvo spokesman who said that Jacoby is "fully occupied" as the top honcho at Volvo and doesn’t have any plans to leave.

Opel has yet to release a statement about this matter. GM named Thomas Sedran last month as interim CEO at Opel as the replacement of Karl-Friedrich Stracke, who left the post.

GM said that Sedran, who is formerly a restructuring consultant with AlixPartners, would be the head of Opel until a permanent CEO is put in place. Opel is being restructured by GM to stop its losses. GM's European unit, composed of Opel and UK sister brand Vauxhall, reported losses of $361 million in the second quarter.

Topics: volvo, opel, ceo

If you liked the article, share on:

Comments

Login or Create new account to add a comment!

Recommended

In Japan, Toyota stays in the limelight by always cooking up something new for its famous 86 sports car. A colour orange Toyota 86 performance edition is one that’s hard...
by - December 4, 2016
Back in 2009, Nissan first introduced the Nissan Leaf, the company’s first all-electric vehicle. LEAF stands for Leading Environmentally-friendly Affordable Family car and this particular EV has been considered as...
by - December 3, 2016
In the minivan segment, the 2017 Chrysler Pacifica is already impressive in terms of fuel economy figures – as rated by the United States Environmental Protection Agency. In fact, the...
by - December 2, 2016
Having a blacked-out Bentley Mulsanne Speed is already menacing by itself but by naming it as the Bamford X, it became all the more imposing. This model was made by...
by - December 2, 2016
We have good news for those who are waiting for the latest version of the Mazda CX-5 compact crossover. It was just unveiled in November at the 2016 Los Angeles...
by - December 2, 2016
Facebook

Youtube Channel

Tip Us
Do you have a tip for us?
Did you film an important event?
Contact us
Newsletter
Subscribe to our newsletter!
Subscribe
Galleries