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Due to the austerity and restructuring measures, Opel, which belongs to the French PSA in 2016, became profitable
The relevant data were published by the financial director of the French company PSA, owned by these two brands, Jean-Baptiste de Chatijon The German wave. "
According to him, the profit of the period was 502 million euros, thanks to the program of economy and restructuring.In particular, the measures provided for a gradual reduction in the number of jobs from 18,000 to 14,300, as well as investments in new development models
In this context, the price of Peugeot shares held by PSA on the Paris Stock Exchange increased by more than 12%. In summer 2017, PSA acquired 1.3 billion euros in the US subsidiary General Motors (GM), its German subsidiaries Opel and British Vauxhall.The American giant has completely transferred to the French competitor, recently released a difficult crisis, its assets in Europe Both Opel and PSA produce mainly medium and compact cars
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