
Opel
German automotive manufacturer of passenger vehicles.
USD | 2016 |
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Revenues | 0000 |
EBITDA | 0000 |
Profit | 0000 |
EV | 0000 |
EV / revenue | 00.0x |
EV / EBITDA | 00.0x |
R&D budget | 0000 |
Source: Company filings or news article
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Opel's journey began in 1862 when Adam Opel founded the company in Rüsselsheim, Germany. Initially, Opel focused on manufacturing sewing machines, a booming industry at the time. By 1886, the company expanded into bicycle production, capitalizing on the growing popularity of cycling.
The pivotal shift to automobiles occurred in 1899, marking Opel's entry into the automotive industry. This transition was driven by Adam's sons, Carl, Wilhelm, and Heinrich, who saw the potential in motor vehicles. By 1914, Opel had become the largest car manufacturer in Germany.
A significant milestone in Opel's history was its acquisition by General Motors in 1929. This move provided Opel with the resources and global reach to expand its operations and innovate further. Despite challenges during World War II and the subsequent rebuilding period, Opel continued to grow and adapt.
In recent years, Opel underwent another major change when it was acquired by the PSA Group (now Stellantis) in 2017. This acquisition marked a new chapter, integrating Opel into a larger portfolio of automotive brands and providing new opportunities for collaboration and growth.
Today, Opel remains a key player in the automotive industry, known for its commitment to innovation and quality. The company's journey from sewing machines to automobiles is a testament to its ability to adapt and thrive in changing markets.