Opel's new owner, PSA, plans to cut half the workforce from the Opel plant in Eisenach, Germany, to make it competitive. The layoffs could affect not only metalworkers, but hurt the local economy.
Another day, another chapter in Germany's never-ending Dieselgate story. This time it's the French-owned Opel feeling the heat, as German prosecutors raid their offices in the country as part of an ongoing investigation.
Peugeot maker PSA Group has achieved record profits of €1.7 billion in the first half of the year, after revenues jumped 40 percent. The recently acquired Opel-Vauxhall business has returned to the black.
According to a media report, automaker Opel is being investigated for manipulating vehicle emissions on about 60,000 cars worldwide. It is the first time the company has been named since Dieselgate broke in 2015.
French carmaker PSA has reported a strong sales increase for the first three months of the year after taking over struggling German auto manufacturer Opel. Employees at Opel's sites in Germany fear layoffs.
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