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PSA stabilizes Opel, but much work remains

Tavares acquired Opel's chronically money-losing operations and quickly found ways to cut costs. Opel isn't profitable yet, but it made progress in paring its losses last year. (AUTOMOTIVE NEWS ILLUSTRATION)
PS
By:
Peter Sigal psigal@autonews.com
March 18, 2018 05:00 AM

GENEVA — "No regrets." That's PSA Group CEO Carlos Tavares' assessment one year after striking a $2.7 billion deal for Opel and Vauxhall, General Motors' stubbornly unprofitable European brands.

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