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Acquisition   German Manager Magazin:

Opel to remain independent firm, says Barra

Mary BarraGeneral Motors CEO Mary Barra made assurances at Opel's headquarters in Germany that the carmaker is to remain an independent company in any deal with PSA Group, German Manager Magazin reported.

It also said that, according to Barra, PSA chief Carlos Tavares planned to leave Opel's management, including CEO Karl-Thomas Neumann, in office following a possible acquisition.

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READ MORE Brexit pushes Opel to cut staff hours in Germany

GM and PSA said they were in talks that could result in PSA buying GM's European auto operations, a move that could shake up the global auto industry.




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