According to a number of reports, PSA Group chief executive Carlos Tavares will maintain Opel’s identity and consider preserving its management structure if it acquires the German automaker from General Motors.
One source has informed Reuters that Tavares will promote the deal as an alliance between the two manufacturers, with Opel remaining as a German corporation to comply with national labor laws.
GM has been positioning the sale of Opel to PSA as a move that would foster growth, offer better long-term security for workers and provide increased shareholder value. CEO Mary Barra and President Dan Ammann have visited Opel’s Ruesselsheim headquarters and are set to meet with government officials in the next few days.
While PSA and GM have declined to offer details on how the proposed deal would affect jobs, production or R&D, sources familiar with the plan say that co-development efforts already underway between the companies at three European plants have laid the groundwork for consolidation.
The Financial Times has reported that GM and PSA would like to complete the terms of a deal ahead of the Geneva International Motor Show in March.
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