About Opel
Adam Opel GmbH (commonly known as Opel) is an automobile manufacturer based in Rüsselsheim,Germany. The company was founded on January 21, 1863, and began making automobiles in 1899. Opel was acquired by General Motors in 1929 and continues as a subsidiary. Opel is GM's largest European brand and with Vauxhall forms GM's core European business.
Early history
The company was founded on January 21, 1863 by Adam Opel, and at first made household goods, and was a major maker of sewing machines. The founder died in 1895, with his company the leader in European sewing machines sales and producing over 2,000 bicycles yearly. They made their first cars in 1898 having bought the rights to the Lutzmann and sold them as Opel-Lutzmann. However, two years later, following the dissolution of the partnership, Opel's son signed a licensing agreement with Automobiles Darracq S.A. of France to manufacture vehicles under the brand name "Opel-Darracq." The vehicles were Opel bodies mounted on a Darracq chassis, powered by a 2-cylinder engine.
In 1906 they started to make cars to their own design which they had first shown in 1902 at the Hamburg Motor Show and from 1907 stopped making the Opel-Darracqs.
In 1911 the factory was virtually destroyed by fire and a new one was built with more up to date machinery and the manufacture of sewing machines dropped. Production now consisted of bicycles, cars and motor cycles. By 1913 they were the largest car maker in Germany.
General Motors takeover
In March 1929 General Motors bought 80% of the company increasing this to 100% in 1931. The Opel family gained $33.3 million dollars from the transaction.
Events
- 1863 – Opel founded by Adam Opel.
- 1902 – Designs first shown at the Hamburg Motor Show.
- 1906 – Cars first made to their own designs.
- 1907 – Opel-Darracq shuts down.
- 1911 – The factory destroyed.
- 1913 – Opel is the largest automobile company in Germany.
- 1929 – General Motors buys 80% of the company in March.
- 1931 – General Motors increases this to 100%.
- 1971 – Opel launched in Asia.
- 2005 – Started cooperation with Saturn Corporation.
- 2006 – Opel Japan shuts down in December.
