Deals
GM CEO Goes on Charm Offensive as PSA Offers Opel Guarantees
- Merkel’s government says German workers must be protected
- U.K. labor representative pushes for guarantees for Vauxhall
GM CEO Mary Barra Goes on a Charm Offensive
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General Motors Co. Chief Executive Officer Mary Barra embarked on a charm offensive to win German support for a sale of Opel to PSA Group as the French automaker tried to alleviate concerns that a combination would lead to a massive overhaul of the brand.
Barra and GM President Dan Ammann plan to meet with German government officials at some point in the near future, according to a person familiar with the matter who asked not to be identified because the talks are private. She also sent a memo to staff in Germany and the U.S. saying the deal would be good for GM’s future growth plans, shareholder value and for the longevity of Opel’s German operations, the person said.