General Motors Co's Opel To Cut Production By Over 10%
GM is well on its way to improve their results in Europe, which was besides the government stake the second key issue that held us away from the $30's in 2012. It's not unreasonable to assume they will be able to reduce losses in Europe by $500 Million in 2013 relative to 2012, which would give us shareholders an extra ~$0.35 EPS. And that will likely push us into the expected $4++ EPS range and a solid ~$32++ PPS.
"... Reuters reported that Opel, the European unit of General Motors Co, is planning to cut production by more than 10% in 2013 in light of the weak European car market, a German magazine reported. Loss-making Opel is planning to produce just 845,000 cars in Europe in 2013, Spiegel reported. A spokesman for Opel declined to comment on production plans. ..."