Reuters reports that GM Europe President Nick Reilly is retiring just as his successor predicts a slowdown the European auto market in the turmoil of the Euro crisis. Replacing Reilly is Opel’s CEO, Karl-Friedrich Stracke, who just last week told Automotive News [sub]
We expect that the automobile market in Europe will experience a painful cooling, and we expect a significant shrinking of the market.
And as if slow sales projections weren’t bad enough, Opel also faces a tough union boss in Klaus Franz, who is pushing for ever more production or not just Opels but Chevies as well, in the Euro zone according to AN [sub]. But despite the challenges facing Stracke, he’s still got a song in his heart… in the tune of GT. Though GM has no lightweight rear-drive platform to draw on, and in spite of all the gathering storm clouds, Stracke tells Auto Motor und Sport that
I can well imagine a car like the Manta, but with new technology and a new design. I could also very well imagine a proper Opel GT which recalls our classic model of 1968.
Ludicrous teasing? Possibly. An understandable escape from the depressing reality of mid-debt-crisis Europe? Definitely. I mean, what would you rather imagine, a cascading collapse of confidence in sovereign debt, or the scenario depicted above? Yeah, that’s what we thought…