silvrsvt Posted February 27, 2019 Share Posted February 27, 2019 https://www.autonews.com/blogs/opel-celebrates-historic-profit-after-decades-losses-under-gm so what did PSA sprinkle over them to make them so much more profitable? Quote Link to comment Share on other sites More sharing options...
twintornados Posted February 27, 2019 Share Posted February 27, 2019 11 minutes ago, silvrsvt said: ...so what did PSA sprinkle over them to make them so much more profitable? It's not so much what PSA sprinkled on them, more like what GM stopped sprinkling on them... Quote Link to comment Share on other sites More sharing options...
92merc Posted February 27, 2019 Share Posted February 27, 2019 Back to the old formula. 1. Import Opel's 2. GM sells Opel 3. PROFIT! 2 Quote Link to comment Share on other sites More sharing options...
.I. Posted February 28, 2019 Share Posted February 28, 2019 Mrs Barra´s face right now: 1 Quote Link to comment Share on other sites More sharing options...
twintornados Posted February 28, 2019 Share Posted February 28, 2019 5 hours ago, falconlover 1 said: Mrs Barra´s face right now: And, the investors she convinced to "take a hit" to unload Opel and Vauxhull: Quote Link to comment Share on other sites More sharing options...
Trailhiker Posted February 28, 2019 Share Posted February 28, 2019 16 hours ago, silvrsvt said: https://www.autonews.com/blogs/opel-celebrates-historic-profit-after-decades-losses-under-gm so what did PSA sprinkle over them to make them so much more profitable? You really cannot take any numbers after a buyout without a grain of salt. If I was them, I would wait to see similar results at the end of this year before celebrating, Quote Link to comment Share on other sites More sharing options...
bzcat Posted February 28, 2019 Share Posted February 28, 2019 PSA can make a profit because all the legacy costs were wrote down and eliminated from the purchase accounting. Quote Link to comment Share on other sites More sharing options...
630land Posted March 4, 2019 Share Posted March 4, 2019 GM fan boys expect their company to still have lots of brands and be all over the globe, just for pride. They screamed when Opel was sold, thinking "just give it more time". Really? GM needs to make $$ not just build badge jobs to please fan boiys. Quote Link to comment Share on other sites More sharing options...
Recommended Posts
Join the conversation
You can post now and register later. If you have an account, sign in now to post with your account.
Note: Your post will require moderator approval before it will be visible.