GENEVA, March 7 PSA Group's purchase
of General Motors' Opel division will cause no immediate
problems for Volkswagen's core autos division, which
is undergoing major restructuring, VW Chief Executive Matthias
PSA is buying Opel in a deal valuing GM's European arm at
2.2 billion euros ($2.33 billion), creating a new car giant in
the region to challenge market leader VW.
"Opel and PSA will have had their reasons" for the
transaction, Mueller told Reuters late on Monday on the eve of
the Geneva auto show. "It has no influence on our plans
initially. We have our own ideas and thoughts and will
thoroughly work with them."
Asked whether the VW brand will face greater competitive
pressures after PSA, by acquiring Opel, becomes Europe's
second-ranked carmaker by sales, Mueller said: "We took Opel and
PSA seriously as competitors in the past. These were two brands
and now they're under a single roof. I don't believe that a
great deal will change there."
The VW brand and PSA-Opel will be competing in a European
market that analysts have said will become even tougher as
emissions rules tighten, demand is near its peak and young
customers turn to ride-hailing services rather than buying a
($1 = 0.9454 euros)
(Reporting by Andreas Cremer; Editing by Leslie Adler)