GM yanked Opel out of Russia back in 2015.
But Opel is not done getting GM out of its blood.
Under PSA, Opel made a $960 million operating profit.
The French automaker has accelerated its U.S. return by three years.
Rumors have swirled about PSA’s return to North America, and now it’s official.
The Ruesselsheim plant builds the Buick Regal and Regal TourX.
The French automaker said it will begin finalizing a strategy between now and spring 2019.
The French automaker has somewhat ironically selected a GM brand for its service.
PSA Groupe hopes to sell part of Opel’s research and development unit.
The board will vote on the bonus later this month.
It could leave around 3,800 people without a job.
Carlos Tavares said PSA is beginning to see the first positive results since taking ownership last year.
PSA joins a handful of other automakers who’ve set up shop in the south.
PSA has Opel engineers working on next-generation cars to suit the U.S. market.
The next generation of Opel vehicles will be U.S. regulations compliant and the brand could return if PSA chooses to do so.
The executive said Opel was worth more than what GM and PSA agreed to.
The new hours will take effect for at least six months beginning January 1, 2018.
Holden could also renew an agreement to supply future Commodore with PSA Groupe.
Apparently, GM wasn’t as forthcoming over the brand’s emission challenges.
According to PSA CEO Carlos Tavares.
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