On 29 February 2012, Opel announced the creation of a major alliance with PSA Peugeot Citroen resulting in GM taking a 7% share of PSA, becoming PSA's second-largest shareholder after the Peugeot family. The alliance was intended to enable $2 billion per year of cost savings through platform sharing, common purchasing, and other economies of scale. In December 2013, GM sold its 7% interest in PSA for £250 million, after plans of cost savings were not as successful. Opel was said to be among Europe's most aggressive discounters in mass-market. GM reported a 2016 loss of US$257 million from its European operations. It is reported that GM has lost about US$20 billion in Europe since 1999.
Styling was kept very close to that of the 2000 released model with just the face having been altered through the introduction of a chrome horizontal beam that encompassed the Opel logo. Headlight shapes remained unchanged while the bottom part of the front-end panel was diagonally cut at the sides, somewhat mimicking the lines of the V-shaped bonnet. Engine range remained virtually the same wit...
At the first round of the season held at the former Grand Prix track of Zolder in Belgium, Opel Team Joest’s misfortunes continued. Manuel Reuter retired in the early stages, with both John Winter (16th) and Keke Rosberg finishing a lap down on winner Alessandro Nannini (ITA) in the Alfa. Race 2 was more positive however, with only John Winter dropping early on. Reuter lead the Opel charge in 7th, with Rosberg in 10th.
As it turned out, the Opels were still lacking in this department. Manuel Reuter was fastest of the two with 5th on the grid, while Keke Rosberg clocked a disappointing 9th time. Both managed to be slower than several of the lesser Mercedes. Both races left much to be desired as well, with Rosberg finishing 7th in Race 1. Reuter retired with electronic gremlins after just 6 laps, and was forced to miss Race 2. Rosberg was felled by similar issues in Race 2, and slowed after 10 laps.
For 2008, the Corsa was tweaked with a freshened grille, lights and a gold coloured Chevrolet logo. The Chevrolet Corsa C was discontinued in the Mexican market in June 2008, leaving only the older and freshened Chevy (Corsa B); and was replaced by the Chevrolet Aveo, however, Brazil kept the car until 2012 (as the Chevrolet Corsa Final Edition and with the saloon ending in 2011) and Argentina kept the car until 2010, while the Corsa based Montana continued into 2010
The GSi's engine mapping had been carried out by Opel tuning specialists Irmscher. A model with the 82 PS (60 kW) 1.4 L multi point fuel injected engine, which was otherwise mechanically identical to the GSi, also became available as the Nova SRi in the United Kingdom. In January 1988, a turbocharged version of the Isuzu diesel engine was introduced, with power increased to 67 PS (49 kW).