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Karl-Thomas Neumann's resignation from Opel immediately touched off speculation about where he might land.
Opel's new CEO, Michael Lohscheller, faces the tough challenge of bringing sustainable profitability to the automaker after its sale to PSA Group by General Motors is completed.
The CEO of General Motors' European Opel division, Karl-Thomas Neumann, has resigned in advance of Opel's sale to France's PSA Group. Finance chief Michael Lohscheller will be Neumann's successor.
Opel CEO Neumann resigns; in line to lead Audi?; Porsche Cayenne emissions probe; JLR investing in Lyft; GM slows rental-fleet sales; Ford UK mobility hub; Cadillac's risky ad move.
VW Group is looking at rehiring Opel CEO Karl-Thomas Neumann, possibly to lead its Audi brand, a source told Reuters. Neumann is said to be planning to quit Opel afer GM sells the automaker to PSA.
Opel CEO Karl-Thomas Neumann plans to resign as GM prepares to sell its European business to PSA, a German newspaper reported. He will inform the Opel board later this month, the paper said.
The push to eliminate greenhouse gas emissions in Vatican City got a helping hand last week from Opel.
Closing plants and laying off workers would be the quickest and easiest way to fix Opel's problems, but PSA Group CEO Carlos Tavares wants to avoid that.
Under GM's ownership, Opel avoided the fate of former sibling Saab, which vanished after the brand was starved of product. But the tie-up with PSA will change all that.
GM will pay Opel's senior managers million-euro bonuses following the sale of the German brand to PSA, regardless of whether the executives remain with the company, a German report said.
Opel will press on with plans to add more EVs and a flagship SUV under new owners PSA, CEO Karl-Thomas Neumann, told a motoring magazine.
BMW, VW weigh in on GM, PSA; Neumann keeps Opel post; Cadillac's European ambitions; In Geneva: Fastest Honda ever sold in U.S.; Lambo's powerful Huracan; A zippy car from Tata.
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