Fleet News

Astra and Zafira star as GM posts a record year

STRONG sales of the Vauxhall/Opel Astra and Zafira contributed to parent company General Motors Europe reporting second quarter earnings of $187million, up from $124million in the same period in 1998. European sales coupled with booming sales in North America contributed to GM unveiling record second quarter profits of $1.7billion (1998: $306million).

GM Europe took a 10% market share for the period - up from 9.2% in the second quarter of 1998 - with the first half of this year representing an all-time high for Vauxhall/Opel sales. Vauxhall sales this year total 160,504 (1998: 141,959) with fleet sales of 98,939 (1998: 89,550). GMAC, which bought UK-based Arriva Automotive Solutions in a £513million deal last month, reported second quarter income of $391million, up from $365million.

Leave a comment for your chance to win £20 of John Lewis vouchers.

Every issue of Fleet News the editor picks his favourite comment from the past two weeks – get involved for your chance to appear in print and win!

Login to comment

Comments

No comments have been made yet.

Compare costs of your company cars

Looking to acquire new vehicles? Check how much they'll cost to run with our Car Running Cost calculator.

What is your BIK car tax liability?

The Fleet News car tax calculator lets you work out tax costs for both employer and employee