Political Reaction

Cautious Welcome to PSA-Opel Deal

Frankfurt Motor Show
German politicians welcome the Opel deal as long as jobs stay in Germany. Picture source: Bloomberg

Politicians across the German political spectrum have welcomed the sale of GM subsidiary Opel to France’s PSA Group, but longer-term concerns about jobs remain.

In a joint statement, the federal economic ministry and the leaders of three state governments which host Opel factories said: “Today’s signing is a first step towards combining Opel/Vauxhall and PSA into a European global player. It is good that commitments will be retained on production facilities, jobs, and investment, and that Opel/Vauxhall will continue as independent brands.”

The statement was issued by Economics Minister Brigitte Zypries and the state premier of Rhineland-Palatinate, Malu Dreyer, both from the center-left Social Democrats, and the state premiers of Hesse and Thuringia, Volker Bouffier, of the center-right Christian Democrats, and Bodo Ramelow, from the socialist Left Party.

But the welcome came with a warning. Decisive steps must be taken, the statement said: “The deal has to be examined intensively, above all by labor representatives. As the process unfolds, transparency has to be guaranteed. The European management of Opel/Vauxhall and representatives of labor must be closely involved in further talks.”

 

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