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– While it’s no secret that the PSA Group is looking to make a return to our shores, the French automaker dropped an interesting little nugget at the Detroit auto show regarding Peugeot Citroën’s return to the States—namely, the role its recent acquisition of General Motors Europe’s Opel brand plays in the plan. – Speaking at […]
BERLIN (Reuters) – German carmaker Opel, which has been bought by France’s PSA Group from General Motors, widened its losses in the second quarter to around $ 250 million, auto trade weekly Automobilwoche reported on Saturday. Citing two unnamed sources close to Opel and PSA, the weekly said Opel was losing around 4 million euros […]
– Divorce often is a messy business, with myriad difficult decisions to be made or fought over. Where will the kids live? Who gets the dog? Or the wedding china? And what about that mid-size hatchback you’ve just spent several hundred million dollars developing? READ MORE ›› – Car and Driver BlogCar and Driver Blog
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The chief executive of General Motors‘ European Opel division, Karl-Thomas Neumann, has resigned, the carmaker said. Opel’s supervisory board has appointed finance chief Michael Lohscheller as Neumann’s successor, Opel said on Monday. Neumann will stay as member of Opel’s management board until the closing of PSA Peugeot Citroen’s purchase of the GM division, the CEO […]
– Cadillac’s diesel program, which we’ve been reporting on for the last couple of years, remains firmly on track, Car and Driver has recently learned. The luxury and performance brand has been working on four- and six-cylinder diesel engines for several upcoming models, but the sale of General Motors’ European subsidiary Opel to the French PSA conglomerate, […]
– Despite the tangled nature of Opel and Buick, General Motors’ impending sale of Opel and Vauxhall to the PSA Group will not affect the U.S. brand’s cars and SUVs, General Motors executives said Tuesday at the unveiling of new Opel-based Regal models in suburban Detroit. – “The sale of Opel will have no impact on […]
GM’ssale of Opel/Vauxhall to French automaker PSA Groupe will take effect later this year, but new models roll out regardless, as Opel debuted its all-new 2018 Insignia flagship (and Buick Regal clone) Tuesday at the Geneva Motor Show. The midsize Insignia, which bears a great resemblance to a Mazda6, will come in Grand Sport and […]
Daniel Roland/Stringer/Getty Images General Motors is selling Opel, it’s European division, to the PSA Group. The automakers announced the sale on Monday. The deal will total $ 2.3 billion (2.2 billion Euros) and consist of GM’s sales of its Opel/Vauxhall unit for $ 1.3 billion (1.3 billion Euros) and its European GM Financial arm for […]
PSA’s purchase of the Opel/Vauxhall division from General Motors is expected to be officially announced on Monday, according to The New York Times. PSA, the parent company of European automakers Peugeot and Citroën, will reportedly hold a joint press conference with GM in Paris to announce the deal. GM has worked as part of an […]
