The head of Opel left the company

Глава Opel ушел из компании

Karl-Thomas Neumann

Neumann will remain on the Board until the transition is Opel part of Groupe PSA.

The head of the German automotive concern Opel Karl-Thomas Neumann resigned. The company will be headed by 48-year-old Michael Roseller, 2014 holds the post of Director of Finance, reported the press service of the concern on Monday, June 12.

Neumann will remain on the Board of Opel to transfer the concern in the French automaker PSA Groupe. He said that he had taken the “difficult decision” and is now fully focus on the transition of the company to another owner. The objective of Loseley, in turn, will be the development of a new strategic plan for the development of the company.

In early March, the French concern Groupe PSA announced the acquisition of Opel and its British sister company Vauxhall, owned by American company General Motors. The total amount of the transaction amounted to 1.3 billion euros.

This purchase will allow PSA producing Peugeot and Citroën, to become the second largest car manufacturer in Europe after Volkswagen, its market share will be 17%.

We will remind, in 2000 the European business of General Motors brought losses in the amount of about 14 billion euros. Last year again became unprofitable for Opel and Vauxhall – the negative balance amounted to 240 million euros.