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Opel sees return to profitability by 2016

Opel chief executive, Karl-Thomas Neumann has said the German unit of General Motors is on track to reach profitability by 2016, Reuters has reported. Sales are seen to grow enough in 2014 to avoid a further round of cost cutting, Neumann said. “If the world doesn’t come to an end, we should keep growing, and then we don’t need additional cost savings,” he said.