According to Reuters news on December 20, Opel CEO Karl-Thomas Neumann warned the company's management that Opel's 2016 profit target was threatened due to the economic downturn.
In an email to 300 group executives, Ni Kaiming said: "In 2015, the company will face strong resistance, and our '2016 profit target' is not secure now." Opel declined to comment on the news.
In the past ten years, Opel has lost nearly 18 billion euros (about 137.43 billion yuan), and several CEOs have been replaced one after another. The business situation has been completely reversed.
As the third largest market for Opel, Russia's ruble is weak and market demand has fallen sharply. Opel has had to cut production and layoffs in the country.
Ni Kaiming expressed dissatisfaction with the company's management focus. He said in the letter: "I am very dissatisfied with the overall level of professionalism of the work." He also said: "I believe many people regard project management rather than personnel management as a top priority. This is not what I expected to see."
Ni Kaiming has expressed the expectation that Opel will be able to achieve profitability in 2016, and in 2022, based on pre-tax income, the sales yield will reach 5%.
In June of this year, he said: "I am very confident in achieving our medium-term goals." In an interview with the commercial media Automobil Produktion in the near future, he said that despite the impact of the Russian market, other regions' business performance exceeded expectations, so he still Stick to the established goals.
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