Opel, the European arm of General Motors, aims to generate an operating profit margin of 4-5 percent within four years, new GM Europe head Nick Reilly was quoted as saying by Friday's Financial Times.
"If we are successful we should be at least 4-5 percent. Four to five percent gives a good return on investment and capital ... It shouldn't take more than four years," he was quoted a saying.
Reilly said Opel would face another tough year in 2010, when scrapping incentives around Europe expire. He said the carmaker aimed to break even by 2011 and make a "decent" profit from 2012.
Opel's focus should be Europe, Reilly said, but added the carmaker could later expand to South America, the Middle East or other parts of Asia, according to the paper.
