An update on the Opel sale.
According to Automobilwoche, there are slight delays in the sale process for Opel to PSA. Employer information sessions that were expected for today and yesterday were postponed. The reason is that an agreement to the work volume of the development center in Russelsheim is still lacking. There is some overlap with the development center of PSA, so the unions are trying to make sure there is work for as many people as possible. Another point that's still being worked on is a service level agreement between GM and PSA.
There is no talk of the deal not going through, relations are said to be good, but the matter at hand is complex. The judicial change that was planned for this week (the assets that are to be sold will become part of the new Opel Automobile GmbH) has been postponed. No new date has been set yet.
Everyone still expects the deal to close in the second half of 2017.
To me, the newsworthy part is that the Opel development center will keep doing work for GM, at least until 2020. It is said to be around 30% of the total volume of the work at Russelsheim. Which kind of makes sense, since you can't really drop work like that. It does give an idea of how much work Opel did for the rest of GM.
(to me, this seems to be the essence of the article. But my German isn't perfect)