Former Opel CEO Karl-Friedrich Stracke will join Magna Steyr

Article by Christian A., on March 26, 2013

Effective April 1, Karl-Friedrich Stracke will be a part of Magna Steyr (a Magna International Inc. unit) where he will oversee contract manufacturing in Graz, Austria, as well as its worldwide engineering. His official title is President Magna Steyr Fahrzeugtechnik. Stracke, a German native who is 56 years old, used to be the CEO of Opel. According to Magna’s statement, Stracke is an asset because of his broad experience in complete vehicle engineering and manufacturing. Stracke was taken off his position as the CEO of Opel in July 2012 after 15 months on the job.

He was transferred to Opel parent, General Motors, and was given new duties. He is a GM veteran of over 30 years. Before he was named Opel CEO, he used to lead GM’s global vehicle engineering based in Detroit. Stracke has received commendations as one of the key engineers who had overhauled vehicle lineup as it exited a government-supported bankruptcy in 2009.

This group was credited for the introduction of the Chevrolet Volt plug-in hybrid. In Stracke’s new job, he will be reporting to Magna Steyr President Guenther Apfalter, Magna International and its partner, Russian lender Sberbank, which entered talks with GM in 2009 to acquire Opel but GM chose to keep the Germany-based division.

Last March 1, Karl-Thomas Neumann became head of Opel. Neumann used to be a Volkswagen executive and had also served as the Continental CEO.

Since Stracke was removed from his position at Opel, the brand was managed by GM Vice Chairman Steve Girsky and Thomas Sedran, head of Opel strategy. Stracke, a mechanical engineer, became a part of Opel in 1979. He went up the engineering ranks to be named the head of its plant in Bochum, Germany, where he stayed from 1995 to 1999.

If you liked the article, share on:

Topics: opel, ceo

Comments

Recommended

Honda this week announced that its all-new 2018 Clarity Plug-in Hybrid will arrive at US dealerships with a starting price of $33,400 beginning on the first of December. Because the...
by - November 21, 2017
Lamborghini had been expected to refresh its entry-level model – the Lamborghini Huracan – in late 2018 or early 2019. But here is some good news for fans of the...
by - November 20, 2017
The Chevrolet Corvette will be turning 65 years old in 2018, and as part of the celebrations, the brand is introducing a special edition C7 – the Chevrolet Corvette Carbon...
by - November 19, 2017
Tesla revealed that with its new Semi, truck drivers can expect better experience especially with heightened safety and the lower cost of transporting cargo. Indeed, the cabin of the new...
by - November 19, 2017
November 17 is considered a very special day for Tesla, as this is the day that they revealed the highly anticipated Tesla Semi. But Elon Musk did not think the...
by - November 17, 2017
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