GM has been handing out false hope to fans of the Chevrolet Camaro and Corvette, two vehicles that they say will not be affected by the absence of Opel in Europe. However the presence of Chevy in Europe is almost non-existent to start with.
GM said that the sale of the European Opel-Vauxhall unit to PSA Group isn’t going to have any impact on the other operations of GM in the region. More to the point they were quick to point out that it wouldn’t affect sales of the Chevrolet Camaro and Corvette in Europe.
A spokesperson for GM gave confirmation that there wouldn’t be any impact and GM offer the Camaro, Corvette and the Cadillac in quantities that are limited in Europe. Both GM and PSA Group confirmed the sale of the Opel-Vauxhall division in Europe and mentioned vehicle financing operations to PSA. This is a deal that is said to be worth $2.2 billion in cash along with $0.65 billion in PSA stock warrants.