Michael Lohschneller: Opel boss explains his savings plan – “It can not go on like this”

RüsselsheimThe goal that PSA has spent on the German brand is clear: By 2020 at the latest Opel make a profit again. The French do not want to reveal how high the losses of the German brand were in the past financial year. “We have no figures on a full-year basis,” said PSA CFO Jean-Baptiste de Chatillon. Much has changed by the change of General Motors to the Groupe PSA, but above all the accounting rules. A number is at least clear: even in the fourth quarter has Opel written in deep red numbers. In an interview with the Handelsblatt Opel CEO Michael Lohscheller explains how he wants to save Opel.