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Opel's export push could mean vehicle production in PSA's plants in China, Russia and Iran, and even sales in the U.S., the home market for GM, the German brand's former owner.
Opel detailed the former GM division's first business plan under new owner PSA, promising to launch EVs including a full-electric Corsa and move to PSA platforms sooner than planned.
Opel's first business plan under its new French owners, PSA, will set out how the German automaker will reach profitability that has eluded the former GM division since 1999.
Tina Mueller was a bright spot in Opel's management, having revived what was perceived to be a bankrupt brand in Germany.
PSA will present a restructuring plan for its Opel brand in November. CEO Carlos Tavares said PSA will urge Opel to improve its sales to individual customers.
Opel, which GM has sold to PSA, widened its losses in the second quarter to around $250 million, sources told Automobilwoche.
After 88 years with GM, Opel now part of PSA; How they did it: FCA, Toyota execs on boosting quality; Autonomous cars make cross-border trek; Honda profits rise; Wells Fargo sued.
PSA completed its takeover of the Opel and Vauxhall brands from GM on Tuesday, installing a fresh leadership team.
The discipline that helped GM beat Wall Street expectations for nine consecutive quarters will be put to the test in the coming months because several of its most profitable plants will temporarily close for retooling.
PSA secured unconditional EU antitrust approval to acquire GM's German unit Opel, a move which will help it better compete with market leader Volkswagen Group.
Additional costs mean GM now expects the charge for its sale of Opel to PSA to reach $5.5 billion, GM finance chief Chuck Stevens said.
Karl-Thomas Neumann's resignation from Opel immediately touched off speculation about where he might land.
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