Opel reveals new strategy under PSA Group guidance image

The German automaker, via its spokesperson CEO, Michael Lohscheller, along with his PSA Group chief Carlos Tavarez, has revealed it’s going to guide itself along the lines of a new strategic plan, which should bring it back to positive financial results.

The new PACE! project comes with major initiatives – all of them working towards the end result of having a positive operational free cash flow and a profitable business model. First of all there’s confirmation the rumors were entirely true – all Opel/Vauxhall models are expected to make a transition to PSA architectures even faster than reported, 2024 onwards, all passenger cars of the two brands will use technologies from within the French conglomerate. More so, for efficiency the total number of platforms will be dropped from nine to just two, while powertrain ranges will be downsized from ten to four.

The initial turnover will impact the new Combo and next generation Corsa starting 2019, followed by “one major launch” each year, and complete with all body styles there will be a total of nine new models by 2020. “Aligning architecture and powertrain families will substantially reduce development and production complexity, thus allowing scale effects and synergies, contributing to overall profitability,” explained Lohscheller. Another major achievement for Opel will be the task to “become a European CO2 leader.” In order to achieve that Opel will go the way of electrification, with pure battery or plug-in hybrid versions next to the “efficient internal combustion engines.” By the end of the decade there are four electrified models planned already, including a PHEV version of the Grandland X and a fully electric next generation Corsa. The company’s engineering center in Russelsheim is also set to become a global competence center for the entire group, with German and French specialists working on everything from fuel cells, automated driving technologies, to driver assistance systems.