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Opel called its 2018 profit "historic" after 20 years of losses under former owner General Motors.

The German brand and its U.K. sibling, Vauxhall, made a profit of 859 million euros ($979,000) in 2018 compared with a $204 million loss for the last five months of 2017 after PSA closed its acquisition of GM's European business on Aug. 1 of that year.

Under its PACE turnaround plan, Opel had forecast a return to profitability by 2020, when it aimed for a 2 percent underlying operating margin by 2020.



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Freed From The Shackles Of GM, Opel Cuts First Profit In 20 Years

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