Automotive News Europe - July 2019 - 14
AUTOMOTIVE NEWS EUROPE
AUTOMAKERS
Opel/Vauxhall is counting on models such as the full-electric Corsa-e to help cut its fleet CO2 emissions by 25% to
avoid billions of euros in fines from the EU.
Tough target
How Opel will overcome outdated platforms to reach ambitious emissions goal
PETER SIGAL
psigal@autonews.com
W
hen PSA Group bought Opel/Vauxhall from General Motors in 2017
it took over a company with a very wellknown big problem. The German automaker had annual operating losses of
nearly 1 billion euros a year.
There was also a less obvious but equally
troubling issue: Opel was way behind in
preparations to meet tougher European
Union emissions standards that start to
take effect next year, leaving the company
at risk of facing billions of euros in fines.
"Let me be very clear," CEO Michael
Lohscheller said in November 2017 at
Opel's headquarters in Russelsheim,
Germany, as he announced the PACE
14
www.autonewseurope.com
turnaround plan. "When we started working on this plan we quickly came to the
conclusion that Opel was not ready to
reach the CO2 targets set by the EU for
2020 and 2021. The potential consequences for the future of the company
would have been dramatic," he added.
a brand will be about 94g/km of CO2,
analysts said. That means it will have
to reduce emissions across its lineup
by an average of more than 30g/km, or
25 percent. If not, it could face up to
2.65 billion euros in fines, according to
a study by ISI Evercore.
Fast forward two years and Opel is not
only profitable, it also has an achievable plan to meet its emissions targets,
Lohscheller told Automotive News Europe during an interview in May. At the
end of 2018, Opel's emissions were
still far higher than PSA Group's other
main brands, Peugeot and Citroen. According to analysts, Opel/Vauxhall's
fleet CO2 average was 126 grams per
kilometer, compared with 108g/km for
Peugeot and Citroen. Opel's target as
ISI also estimates that it will cost 1,260
euros per vehicle for Opel to meet emissions targets, compared with 740 euros
for Citroen and 667 euros for Peugeot.
Lohscheller said Opel would reach its
emissions goal by 1) purging the lineup
of vehicles based on GM architectures,
which are heavier and higher-polluting
compared with PSA vehicles, and 2) by
rolling out electric and plug-in hybrid versions of its most popular models.
JULY 2019
http://www.autonewseurope.com
Automotive News Europe - July 2019
Table of Contents for the Digital Edition of Automotive News Europe - July 2019
Contents
Automotive News Europe - July 2019 - Intro
Automotive News Europe - July 2019 - Cover1
Automotive News Europe - July 2019 - Cover2
Automotive News Europe - July 2019 - 3
Automotive News Europe - July 2019 - Contents
Automotive News Europe - July 2019 - 5
Automotive News Europe - July 2019 - 6
Automotive News Europe - July 2019 - 7
Automotive News Europe - July 2019 - 8
Automotive News Europe - July 2019 - 9
Automotive News Europe - July 2019 - 10
Automotive News Europe - July 2019 - 11
Automotive News Europe - July 2019 - 12
Automotive News Europe - July 2019 - 13
Automotive News Europe - July 2019 - 14
Automotive News Europe - July 2019 - 15
Automotive News Europe - July 2019 - 16
Automotive News Europe - July 2019 - 17
Automotive News Europe - July 2019 - 18
Automotive News Europe - July 2019 - 19
Automotive News Europe - July 2019 - 20
Automotive News Europe - July 2019 - 21
Automotive News Europe - July 2019 - 22
Automotive News Europe - July 2019 - 23
Automotive News Europe - July 2019 - 24
Automotive News Europe - July 2019 - 25
Automotive News Europe - July 2019 - 26
Automotive News Europe - July 2019 - 27
Automotive News Europe - July 2019 - 28
Automotive News Europe - July 2019 - 29
Automotive News Europe - July 2019 - 30
Automotive News Europe - July 2019 - 31
Automotive News Europe - July 2019 - 32
Automotive News Europe - July 2019 - 33
Automotive News Europe - July 2019 - 34
Automotive News Europe - July 2019 - 35
Automotive News Europe - July 2019 - 36
Automotive News Europe - July 2019 - 37
Automotive News Europe - July 2019 - 38
Automotive News Europe - July 2019 - Cover3
Automotive News Europe - July 2019 - Cover4
Automotive News Europe - July 2019 - S1
Automotive News Europe - July 2019 - S2
Automotive News Europe - July 2019 - S3
Automotive News Europe - July 2019 - S4
Automotive News Europe - July 2019 - S5
Automotive News Europe - July 2019 - S6
Automotive News Europe - July 2019 - S7
Automotive News Europe - July 2019 - S8
Automotive News Europe - July 2019 - S9
Automotive News Europe - July 2019 - S10
Automotive News Europe - July 2019 - S11
Automotive News Europe - July 2019 - S12
Automotive News Europe - July 2019 - S13
Automotive News Europe - July 2019 - S14
Automotive News Europe - July 2019 - S15
Automotive News Europe - July 2019 - S16
Automotive News Europe - July 2019 - S17
Automotive News Europe - July 2019 - S18
Automotive News Europe - July 2019 - S19
Automotive News Europe - July 2019 - S20
Automotive News Europe - July 2019 - S21
Automotive News Europe - July 2019 - S22
Automotive News Europe - July 2019 - S23
Automotive News Europe - July 2019 - S24
Automotive News Europe - July 2019 - S25
Automotive News Europe - July 2019 - S26
Automotive News Europe - July 2019 - S27
Automotive News Europe - July 2019 - S28
Automotive News Europe - July 2019 - S29
Automotive News Europe - July 2019 - S30
Automotive News Europe - July 2019 - S31
Automotive News Europe - July 2019 - S32
Automotive News Europe - July 2019 - S33
Automotive News Europe - July 2019 - S34
Automotive News Europe - July 2019 - S35
Automotive News Europe - July 2019 - S36
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