opel
PSA wins EU approval to buy Opel
July 5PSA secured unconditional EU antitrust approval to acquire GM's German unit Opel, a move which will help it better compete with market leader Volkswagen Group.
GM now expects $5.5B charge from Opel sale
June 27Additional costs mean GM now expects the charge for its sale of Opel to PSA to reach $5.5 billion, GM finance chief Chuck Stevens said.
A VW homecoming for Neumann?
June 19Karl-Thomas Neumann's resignation from Opel immediately touched off speculation about where he might land.
'Numbers guy' Lohscheller must return Opel to profitability under PSA
June 13Opel's new CEO, Michael Lohscheller, faces the tough challenge of bringing sustainable profitability to the automaker after its sale to PSA Group by General Motors is completed.
Opel is not giving up on internal combustion
June 12The plan to turn Opel into a “Tesla for the masses” appears to have become a nonstarter since the brand was taken over in March by PSA Group.
The pope's white ride is green
June 12The push to eliminate greenhouse gas emissions in Vatican City got a helping hand last week from Opel.
VW may rehire Opel CEO Neumann to run Audi, report says
June 11VW Group is looking at rehiring Opel CEO Karl-Thomas Neumann, possibly to lead its Audi brand, a source told Reuters. Neumann is said to be planning to quit Opel afer GM sells the automaker to PSA.
Opel CEO Neumann will resign after sale to PSA, report says
June 10Opel CEO Karl-Thomas Neumann plans to resign as GM prepares to sell its European business to PSA, a German newspaper reported. He will inform the Opel board later this month, the paper said.
GM sale of Opel to PSA could wrap up by July 31
June 8General Motors' Opel said its sale to France's Peugeot could be completed as early as July 31, pending regulatory approval.
PSA's Tavares reassures shareholders over Opel buy
May 12PSA 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.
PSA's Tavares sees Opel racking up more losses in 2017
May 10PSA CEO Carlos Tavares expects Opel to lose more money this year as it acquires the business from GM. However, the brand is recovering, Tavares said, highlighting growth in vehicle sales.
Opel will continue to build Buicks for U.S.
April 6Opel, which is being sold to France's PSA Group, has committed to producing Buick-branded vehicles in German factories for GM beyond 2019.
