Opel/Vauxhall returned to profit just under a year after takeover

Just 11 months after purchasing Opel and Vauxhall from General Motors, the PSA Group has halted the flow of red ink from the lightning bolt and griffin brands. According to French car maker, Opel/Vauxhall made a profit of €502 million ($794 million) during the first half of 2018. Its operating margin was 5.0 per cent, a significant improvement from the -2.5 per cent margin during the first five months under PSA's wing.