Opel CEO Karl-Thomas Neumann to resign after sale to Peugeot

Karl-Thomas Neumann

The CEO General Motors’ European subsidiary Opel, Karl-Thomas Neumann, prepares to resign as GM prepares to sell the company to France’s PSA Group, Frankfurter Allgemeine Sonntagszeitung (FAS) reported on Saturday. Without mentioning its sources, the newspaper stated that while Neumann sees the sale to PSA as the best tactical action, he is concerned that the […]

Opel CEO Karl-Thomas Neumann says sale to PSA would start new chapter

Images of Opel GT

Acquisition of Opel, General Motors’ European arm, by France’s PSA Group would make good sense from a commercial perspective, the Bild am Sonntag paper reported, mentioning comments by Opel CEO Karl-Thomas Neumann in a letter to workers. “This is an opportunity to create a European champion and start a new and successful chapter in our […]

Opel CEO Karl-Thomas Neumann Developing Plan To Potentially Become Electric Brand

2017 Opel Amper-e Paris Motor Show

General Motors and PSA Group jointly surprised the market, media as well as Opel senior management when both automakers verified a possible acquisition of the Opel/Vauxhall brands by PSA remained in play. However, Opel CEO, Dr. Karl-Thomas Neumann, has been preparing a monumental shift at the blitz brand for some time. A new report states […]