Car makers are currently going through a deplorable phase as they struggle to control increasing losses in Europe after 11 consecutive months of declining sales. GM is one of the companies that were badly hit as it lost almost US$16 billion in its European operations over the last 12 years.
The GM-PSA alliance allows both the manufacturers to share vehicle platforms, components and modules. In addition, the creation of a global purchasing joint venture enables both entities to enjoy greater economy of scales when sourcing for materials.
I believe Opel has a future as it has plans to revamp its engine line up over the next 12 months. The new 1.6-litre SIDI (spark ignition direct injection) ECOTEC engine has been introduced recently and production will start in late 2012.
Opel, hang in there!