Opel unit needs to become more efficient, PSA chief Carlos Tavares says
Frankfurt — PSA Group CEO Carlos Tavares has signalled possible cost cuts at its Opel unit, noting in a newspaper interview that production costs were at least 50% higher than at the company’s French factories. "My impression is that many problems are due to the fact that things are out of proportion at Opel, that they consume too much energy, that processes are not efficient enough," Tavares said in an interview published on Friday in Die Welt. "We have to become much more efficient, everywhere, and in all functions. The car industry is still a place where there is a lot of waste," Tavares said. PSA is in the process of integrating Opel after buying it from General Motors (GM), a task that analysts say will lead to sweeping job cuts. PSA, which has already said it will use its own technology and vehicle platforms for future Opel models, will fund programmes planned for the unit’s headquarters in Ruesselsheim, Germany, only when convinced they will make money, Tavares added. Existin...
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