German politicians are expressing concern about a possible takeover of General Motors' Opel division by France's PSA Group.
The new owner of Opel-Vauxhall says it won't begin involuntary layoffs at the loss making carmaker it bought from GM. The restructuring plan will see factories remain open and the brand expand to 20 new export markets.
Karl-Thomas Neumann, CEO of General Motors' European subsidiary, Opel, is stepping down. But he will stay on the board until Opel's takeover by French rival PSA is completed.
Employees are worried about the possible sale of carmaker Opel to French group PSA. DW reporter Christian Pricelius went to Opel's main factory in Rüsselsheim, Germany, to listen to them.
The French carmaker has completed its takeover of GM's European subsidiaries ahead of time, naming a new management to chart an attempted turnaround for the two struggling brands.
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