Opel boss Karl Thomas Neumann is according to a newspaper report before the resignation. Accordingly Neumann wants to give the chief post when the sale of Opel to the French group PSA is completed.
Karl-Thomas Neumann (at the Geneva Motor Show)
Saturday, 10.06.2017
5:23 pm
The chairman of the car manufacturer Opel, Karl-Thomas Neumann, apparently will resign his office. As reported by the “Frankfurter Allgemeine Sonntagszeitung” (“FAS”), Neumann wants to announce his decision to the Supervisory Board at its next meeting on June 22.
Accordingly, Neumann wants to keep the leadership only until the Sale of Opel to the French group PSA Peugeot-Citroën is done. The signing of the announced sale in March by the US parent company General Motors is expected by autumn.
Although Neumann sees the merger as a strategically correct step, the “FAS” continues. However, he worried that the French would recognize the drastic effect of electric mobility. An Opel spokesman wanted to comment on the report at the request of the news agency AFP.
PSA wants to take over Opel and the British sister brand Vauxhall from the former Opel parent company General Motors (GM). The French should pay for Opel including Vauxhall and the financial sector around 2.2 billion euros. GM expects a burden of 4.1 billion euros from the deal. Opel and Vauxhall together have around 40,000 employees, around 18,000 of whom work for Opel in Germany. The acquisition still requires the approval of the competition authorities.