PSA Groupe Continues Opel Integration
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PSA Groupe, owner of Peugeot, Citroen, and DS Automobiles, is continuing to integrate its recently-aquired Opel-Vauxhall unit into its organization structure.
Speaking to a PSA manager, weekly German publication Automobilwoche reported that integration teams of high-ranking representatives from PSA, Opel and General Motors have been meeting in Paris to discuss future strategy.
According to the outlet, PSA agreed to allow Opel to set its own direction in many areas. PSA Groupe CEO Carlos Tavares has previously stated that the French automaker will move to quickly introduce its own architectures for future Opel-Vauxhall vehicles, which would increase scale economies and efficiencies for the firms.
However, there are concerns that many Opel engineers at the Opel engineer center in Russelsheim will be let go in the future as part of the integration.
PSA finalized the purchase of Opel on August 1st, 2017. The 2.2 billion euro deal transfers ownership of all Opel and Vauxhall brands and associated assets like factories and development centers from General Motors to PSA, while leaving GM responsible for roughly 3 billion euro in Opel pension obligations.
I could not find an article which “reported that integration teams of high-ranking representatives from PSA, Opel and General Motors have been meeting in Paris to discuss future strategy” in the online ‘Automobilwoche’.
Could you please help with the article’s date and title?