15-03-2017 16:30
Following Opel sale, more downsizing in store for GM
General Motors this month finally sold its struggling European unit Opel (along with Vauxhall, Opel’s brand for the United Kingdom) to France's PSA Group after racking up two decades of losses totaling close to $20 billion.It’s a process that’s been in the works for several years and in addition to the offloading of Opel has also seen GM scale back operations in some countries, namely Australia, Indonesia, Russia and Thailand, as well as reduce the number of platforms it uses.S
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