In March 2017, Groupe PSA agreed to buy Opel, its British sister brand Vauxhall and their European auto lending business from General Motors for US$2.2 billion. In return, General Motors will pay PSA US$3.2 billion for future European pension obligations and keep managing US$9.8 billion worth of plans for existing retirees. Furthermore, GM is responsible for paying about US$400 million annually for 15 years to fund the existing Great Britain and Germany pension plans.
The Kadett A (above) finally appeared in 1962, and was a classic GM/Opel effort: highly pragmatic, conventional in every respect, reasonably stylish for its time, and designed to deliver a good bang for the buck. In just about every way possible, it was the antithesis of the VW: front-engine rwd, a rather tinny but roomy body, highly tossable but with a primitive suspension and ride, a very roomy trunk, and excellent visibility as well as economy. Oh, and a proper heater even! Its little 987 cc OHV four made 40 net/46 gross hp, six more than the VW 1200. Its trim fighting weight of 1475 lbs (670 kg), some two hundred pounds less than the VW, showed in both its acceleration and body integrity.