Opel CEO Karl-Thomas Neumann plans to remain in his job after the Rüsselsheim-based GM subsidiary is sold to French automaker PSA Group. General Motors expects to conclude the €2.2 billion sale of Opel-Vauxhall to PSA Group before the end of 2017.
“It is important for me to stand before employees and show leadership. I have done this in the past and will continue to do so,” Neumann told German publication Auto Motor und Sport.
Neumann also provided his reasoning on why he would work well with PSA’s Chief Executive Carlos Tavares.
“I think we have great respect for each other. That is why I see a good foundation for continued cooperation,” Neumann was quoted as saying.
PSA’s Tavares has vowed to operate Opel as a separate company with its own management team while creating a “European champion” that would sell the group’s vehicles — including those from Opel — outside of Europe.