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.
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.
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.
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.
German carmaker Opel is still losing money six months on from its takeover by France's PSA Group. The new owner's first priority is to return Open to profitability. How is the effort progressing?
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