You must have an Automotive Newssubscription to view the digital edition
Click here to subscribe
PSA CEO Carlos Tavares reassured shareholders over the acquisition of Opel from GM, saying that the purchase will vault the automaker "far ahead" of its French rival Renault.
Under GM's ownership, Opel avoided the fate of former sibling Saab, which vanished after the brand was starved of product. But the tie-up with PSA will change all that.
Closing plants and laying off workers would be the quickest and easiest way to fix Opel's problems, but PSA Group CEO Carlos Tavares wants to avoid that.
While GM management sits glued to Detroit desks and worries about finances, Ghosn, Tavares, Zetsche, Fields and Marchionne are personally involved in the international automotive marketplace.
Here's a way JLR can grow annual global volume to 1 million vehicles: Buy Vauxhall from PSA Group.
The new Opel/Vauxhall Corsa will be delayed as new owner PSA moves to shift the brand's next-generation cars onto the French automaker's platforms.
Volkswagen could make a bid for Fiat Chrysler following PSA's move to form Europe's second-largest carmaker with the purchase of Opel, FCA CEO Sergio Marchionne said.
PSA to buy GM's Opel-Vauxhall for $2.3B, Barra calls deal 'win' for all; U.S. expected to reconsider emissions rules; Ford tests 3-D printed race-car parts; How Uber picked up PR crisis.
Karl-Thomas Neumann will remain Opel CEO after PSA completes its takeover of the GM unit. PSA CEO Carlos Tavares said he wants Opel's turnaround to be completed by "Opel people."
A chronology of Opel's history and its sale to PSA Group.
GM-PSA deal approved, report says; Mercedes fire risk; Mobility matters: Infiniti loads Q50 with autonomy tech, GM's Maven offers monthly reservations, Where drones meet flying cars.
FCA discloses state, federal diesel probes; Trump touts Detroit 3 job creation; Barra addresses PSA 'opportunities,' GOP border-tax proposal; Toyota rolls without Android, Apple.
Automotive NewsJobs Board
Get 24/7 access to in-depth, authoritative coverage of the auto industry from a global team of reporters and editors covering the news that's vital to your business.
Sign up today to get the best of Automotive News delivered straight to your email inbox, free of charge. Choose your news – we'll deliver.
Entire contents © Crain Communications, Inc.
Use of editorial content without permission is strictly prohibited. All Rights Reserved.