GM made quick work of its disposal of long-time loss making unit Opel (and Vauxhall) along with its European financing arm, selling them to French carmaker PSA Group in a deal worth €2.2 billion, less than a month after talks reportedly began between the two companies.

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Brand Origin Name New Position Previous Position U.S. Sheng Wenjiang Transferred back to the U.S. VP of GM China Sales, Service & Marketing;

The following Top 10 news stories are selected by the editorial board of CBU/CAR as the most important events of China’

SHANGHAI – Gu Feng, former CFO of SAIC Motor, has joined AICEV as co-founder and CEO of the new startup company.

BEIJING – Tim Heile has been appointed division general manager of marketing and PR of Dongfeng-Infiniti, effective on March 1, 2017.

HANGZHOU, Zhejiang – Chen Guozhang has left PSA Group to join Hangzhou Changjiang Electric Vehicle Co., Ltd.

BEIJING – China’s automotive aftermarket value is expected to reach ¥880 billion ($127.


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