As General Motors and PSA Group continue their discussions (and damage control) on the possible sale of Opel/Vauxhall, a secret plan being developed by Opel CEO Karl-Thomas Neumann has been put on the back burner for the time being.
German magazine manager magazin reports that Neumann had been working on a plan that would see Opel transition to selling electric vehicles only in an effort to ensure the brand's survival. GM Europe has been losing money for the past 15 years. In 2016, the branch posted a $257 million loss.
Neumann was worried that Opel didn't have the resources to develop both combustion engine and electric drivetrains. The plan would see Opel end sales of combustion vehicles by 2030. To pull this off, the plan would have Opel divide into 'old' and 'new'. Vehicles would be using GM's electric vehicle platform that underpins the Chevrolet Bolt and Opel Ampera-e.
manager magazin says the board was going to make a decision on Neumann's plan this spring - May at the latest.
Source: manager magazin