BERLIN: The chief executive of General Motors’ European arm Opel, Karl-Thomas Neumann (pic), plans to resign as GM prepares to sell the business to France’s PSA Group, German newspaper Frankfurter Allgemeine Sonntagszeitung (FAS) reported.
Without citing its sources, the newspaper said that while Neumann sees the sale to PSA as the right strategic step, he is concerned that the new owner is underestimating the growing importance of electric cars.
Already a subscriber? Log in.
Subscribe to win RM50 Touch 'n Go e-Voucher! More Info
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!