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GM could return to Europe by offering self-driving technology or mobility services, CEO Mary Barra said. GM has been investing more in self-driving cars, electric vehicle technology and ride-sharing services.
PSA, which bought GM's European operations, now wants about half of the money back because Opel's engines are too inefficient to meet CO2 emissions reduction targets, sources told Reuters.
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.
PSA completed its takeover of the Opel and Vauxhall brands from GM on Tuesday, installing a fresh leadership team.
Opel's new CEO, Michael Lohscheller, faces the tough challenge of bringing sustainable profitability to the automaker after its sale to PSA Group by General Motors is completed.
PSA CEO Carlos Tavares reassured shareholders over the acquisition of Opel from GM, saying that the purchase will vault the automaker "far ahead" of its French rival Renault.
Under GM's ownership, Opel avoided the fate of former sibling Saab, which vanished after the brand was starved of product. But the tie-up with PSA will change all that.
Closing plants and laying off workers would be the quickest and easiest way to fix Opel's problems, but PSA Group CEO Carlos Tavares wants to avoid that.
While GM management sits glued to Detroit desks and worries about finances, Ghosn, Tavares, Zetsche, Fields and Marchionne are personally involved in the international automotive marketplace.
Here's a way JLR can grow annual global volume to 1 million vehicles: Buy Vauxhall from PSA Group.
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