Opel/Vauxhall CEO Michael Lohscheller and PSA chief Carlos Tavares are to present a business plan for PSA-owned Opel/Vauxhall on Thursday, November 9.
The press conference will be broadcast via internet livestream at 9.15 am (CET). In a statement, the company said the 'objective is to ensure a sustainable return to profitability'.
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The presentation on Thursday follows a 100-day review following PSA's purchase of GM's loss-making European operations.
PSA has said that synergies within the Groupe PSA, for example in purchasing and development, are set to play a major part in the future strategy. The combined entity will unlock substantial economies of scale and synergies in purchasing, manufacturing and R&D estimated at EUR1.7bn at run rate, the company has said.
The goal is to generate a positive operational free cash flow by 2020 as well as an operating margin of two percent by 2020 and six percent by 2026.
There has been speculation that Opel/Vauxhall's cost base is to be addressed and that plant-product mix will be altered to get better plant capacity utilisation as Opel/Vauxhall's product portfolio is rationalised and eventually consolidated to PSA Group architectures.
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