Opel has “special priority” as the only German brand of Stellantis – CEO

An Opel logo is pictured in Ruesselsheim, Germany on July 4, 2018. REUTERS / Ralph Orlowski

BERLIN, Nov. 11 (Reuters) – Opel’s status as the only German brand within the Stellantis Group (STLA.MI) gives it “special priority,” the automaker’s chief executive said on Thursday, following union concerns about the future of the business in the country. .

“We are the only German brand. We are building on this and with it I think we will find success with the Opel brand,” Uwe Hochgeschurtz said at an online summit hosted by the German newspaper Handelsblatt.

Opel has closed its factories in Eisenach in Germany at least until the end of the year due to chip shortages. Workers accuse Stellantis of exploiting Germany’s holiday program to move production out of the country. Read more

Hochgeschurtz will meet with finance ministers from the three German states where Opel has factories – Rhineland-Palatinate, Hesse and Thuringia – on November 19, ahead of a meeting scheduled later this month between Stellantis CEO Carlos Tavares and the first ministers of these states. .

Hochgeschurtz also said that Opel favors using the chips it already had on hand for electric vehicles, and he didn’t want to speculate too much about the end of the chip shortage.

Reporting by Miranda Murray and Victoria Waldersee, editing by Kirsti Knolle

Our standards: Thomson Reuters Trust Principles.

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