FRANKFURT, June 24 The new version of Opel's
best-selling Corsa car will arrive in European showrooms at the
end of 2014, it said on Tuesday, as General Motors seeks
to return its second-largest brand to profitability.
Opel and its sister brand Vauxhall have made losses for
years, hampered by management shake-ups and an ageing model
range which have led market share in Europe to drop to around 7
percent today from more than 10 percent a decade ago.
Subcompact cars are the most popular segment in Europe, but
GM has been producing the current version of the Corsa since
2006, resulting in a sales drop as rivals have cut in with newer
Corsa sales in Europe fell more than 10 percent in 2012, and
7.7 percent in 2013 as rivals including Ford, Renault and
Citroen refreshed their model range.
By 2022, Opel and Vauxhall wants to become the number two in
the European passenger car market boosted by a product and
The next generation Corsa hopes to gain market share through
an upgraded infotainment and navigation system which offers
wireless internet access, as well as a range of economical
(Reporting by Edward Taylor; Editing by Greg Mahlich)