Despite declining sales and a difficult economic environment due to the coronavirus pandemic, Opel/Vauxhall was able to record a significant annual profit in 2020, its third since General Motors sold the brands to PSA Group in 2017. CEO Michael Lohscheller has discontinued GM's higher-emission legacy models and moved into full electrification with the new Corsa and Mokka. Lohscheller explained the brands' next moves in an interview with Automotive News Europe Associate Publisher and Editor Luca Ciferri, News Editor Peter Sigal and Correspondent Nick Gibbs.
April 13, 2021 04:00 AM
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Tariffs already hurting vehicle affordability as more price hikes loom
Despite discounts by automakers such as Ford and Stellantis, the average new-vehicle price rose 2.5 percent in April, and more increases are expected.
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