GM has confirmed that it will sell its European Opel division to PSA Peugeot Citroën, for 2.2 billion euros ($2.33 billion).
GM has controlled Opel for more than 90 years, but it has lost almost $20 billion over the past two decades. Currency fluctuations due to Brexit contributed to a $257 million loss in 2016, and England’s decision to leave the European Union is thought to be a factor in GM’s decision to sell its European operations.
The German and UK governments are concerned about job losses, but for EV fans, the big question is: where does this leave the Opel Ampera-e, the European version of the GM Bolt?
The Ampera-e went on sale in Norway in December, and should be arriving in Germany, the Netherlands, France and Switzerland any day now, with the rest of Europe to follow by 2018. Surely GM doesn’t mean to make the little car an orphan at birth?
An adoption may be in the works. German business publication Manager Magazin reported (via Green Car Reports) that Opel CEO Karl-Thomas Neumann has been working on a plan to convert the brand entirely to electric cars by 2030. The strategy might include developing new models on the Bolt platform.
Manager also reported (via Automotive News) that GM may allow PSA to license its EV technology, which could work out nicely for all concerned. PSA has no plug-in vehicles of its own, although it does sell rebadged versions of the aging Mitsubishi i-MiEV as the Peugeot iOn and Citroen C-Zero.
Source: Green Car Reports