Acquisition German Manager Magazin:
General 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.
Opel to remain independent firm, says Barra
Staff Writer | Friday February 17, 2017 8:57AM ET
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.Article continues below 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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