PSA CEO Supports Newly Acquired Opel’s Decision To Focus On Electric Cars, But Says Switch Must Be Profitable

By Mark Kane PSA Group has a hard nut to crack with its €2.2 billion Opel acquisition from GM that closed on August 1st, 2017. The German brand needs to be profitable, but it isn’t close to that goal yet. Second quarter losses for the company widened to roughly $250 million, and new… …read more