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Opel cars may return to Russian market — CEO

March 06, 13:50 UTC+3 PARIS

Earlier PSA Peugeot-Citroen announced the acquisition of European units of US General Motors - Germany’s Opel and the UK’s Vauxhall for 2.2 bln euros

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© Dmitriy Rogulin/TASS

PARIS, March 6. /TASS/. Opel cars may return to the Russian market after the acquisition of the German carmaker by French car manufacturer PSA Peugeot-Citroen, if it is found economically feasible, PSA Peugeot-Citroen CEO Carlos Tavares told TASS.

"As soon as PSA takes over the intellectual property rights [for products], the Opel brand will get an opportunity to develop on the international market without any exceptions," he said.

Tavares did not specify when Opel may return to Russia. He stressed that it will depend on economic feasibility which is yet to be confirmed.

"This will depend on business aspects, on how we can work with it further. If this business case if profitable we will deal with it if it’s not we won’t," he said.

On Monday, PSA Peugeot-Citroen announced the acquisition of European units of US General Motors - Germany’s Opel and the UK’s Vauxhall for 2.2 bln euros.

In 2015, General Motors announced the restructuring of its business in Russia, completely scaling down car production at Russian enterprises and slashing range of models that were presented on the Russian market. As part of that restructuring plan Opel brand left Russia completely.

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