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Opel/Vauxhall CEO stands down before vital PSA negotiations close

Posted By GMbeat on Articles

https://www.autocar.co.uk - Opel/Vauxhall CEO Karl-Thomas Neumann has stood down from his role as negotiations with the brand’s new buyer, the PSA Group, near completion. Opel said that Neumann, who is being replaced by former Opel/Vauxhall chief financial officer Michael Lohscheller, departs in order to streamline the negotiation processes with PSA to “ensure continuity for the business and its stakeholders”.

Opel/Vauxhall CEO stands down ahead of vital PSA negotiations

Posted By GMbeat on Articles

https://www.autocar.co.uk - Opel/Vauxhall CEO Karl-Thomas Neumann has stood down from his role in the run up to negotiations with the brand’s new buyer, the PSA Group. Opel said that Neumann, who is being replaced by former Opel/Vauxhall chief financial officer Michael Lohscheller, departs in order to streamline the negotiation processes with PSA to “ensure continuity for the business and its stakeholders”.