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5-day change | 1st Jan Change | ||
| 21.85 EUR | -4.21% |
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-1.09% | -2.32% |
| 03:45pm | Stellantis to Cut Indefinite Number of U.S. Jobs to Improve Productivity | DJ |
| 03:42pm | Opel boss: Slump will not slow down electric market | DP |
BERLIN (Reuters) - PSA Group Chief Executive Carlos Tavares said a failure of turnaround efforts at Opel would spell "very serious" consequences for workers at the German division and the company as a whole.
PSA has given Opel until 2020 to return to profit as part of a recovery plan aimed at shifting the German brand's model lineup onto PSA's architecture, with the French parent pursuing 1.7 billion euros (£1.5 billion) in savings from its acquisition of Opel.
"If it doesn't succeed it will be very serious for the company and of course for the employees," Tavares said on Thursday at a conference in Berlin.
(Reporting by Andreas Cremer; Editing by Tom Sims)
| 1st Jan change | Capi. | |
|---|---|---|
| +13.34% | 86.77B | |
| -7.88% | 80.18B | |
| +24.17% | 73.88B | |
| +26.15% | 48.21B | |
| +15.10% | 33.08B | |
| +11.53% | 23.68B | |
| -0.89% | 19.95B | |
| +51.72% | 12.11B | |
| -14.33% | 9.92B |
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