PSA Raises Earnings Despite Opel-Vauxhall Handicap. The Jury Is Out On Viability Of Takeover. “Reviving the loss-making operations formerly owned by General Motors will be tough unless boss Carlos Tavares can find further cost cuts” PSA Group increased sales and profits to records in 2017, despite being held back by losses from its newly acquired […]
Tag Archives | Opel
PSA Finds Opel-Vauxhall Lags Badly In Race To Cut CO2
PSA Finds Opel-Vauxhall Lags Badly In Race To Cut CO2. Faces Big Hurdle Anyway As Diesel Demise Continues. Opel-Vauxhall Plan Relied Heavily On Loss-Making Electric Car. “If only PSA had picked up the phone and asked us, we could have told them before they completed the deal,” PSA Group is reportedly claiming compensation from General […]
PSA Opel Plan Said Over-Optimistic; Only A Hint Of Harshness
PSA Opel Plan Said Over-Optimistic; Only A Hint Of Harshness. Surprising Omission Of Capacity, Headcount Cuts. Call To Dump Vauxhall Denied By Tavares. “Many questions remain” “Opel-Vauxhall loss-making is not just going to go away. Something quite dramatic and credible will have to be done” PSA Group of France’s decision to buy chronic loss-maker Opel-Vauxhall […]
Opel-Vauxhall To Focus On Electrification, Expand Globally
Opel-Vauxhall To Focus On Electrification, Expand Globally “Opel will enter more than 20 new export markets by 2022 (and) explore global midterm overseas profitable export opportunities” Opel-Vauxhall, sold to France’s PSA Group by General Motors, plans to concentrate on electrification and expand its sales outside of Europe for the first time. Opel-Vauxhall, outlining its long-term […]
PSA Restructuring Plan May Slash Opel-Vauxhall Jobs, Factories
PSA Restructuring Plan May Slash Opel-Vauxhall Jobs, Factories. In the first half of 2017, PSA generated a profit of €913 per vehicle, while Opel-Vauxhall lost €686 per vehicle in the first quarter of 2017. Up to 6,000 jobs could go and some factories could be closed Thursday when France’s PSA Group announces its restructuring plan […]
PSA Takeover Of Opel-Vauxhall Progresses As Optimism Gains
PSA Takeover Of Opel-Vauxhall Progresses As Optimism Gains. “PSA is about to try this at Opel (and Vauxhall). PSA paid almost nothing for it and is convinced it’s been badly run”. PSA Group is closing in on its takeover of GM’s Opel-Vauxhall and investors’ thoughts are returning to the question of how the merger might […]
Peugeot Family Laud Opel-Vauxhall Takeover Plan
Peugeot Family Laud Opel-Vauxhall Takeover Plan. “Opel is strong in markets where PSA is not so strong” After PSA Group’s industry-rocking decision to buy Opel-Vauxhall from General Motors, it’s gone a bit quiet while the parties pursue due diligence enquiries, but Peugeot family members stepped up to remind everybody how much sense the deal makes […]
PSA “Wins” Battle To Buy GM’s Opel-Vauxhall
PSA “Wins” Battle To Buy GM’s Opel-Vauxhall. But GM Pleased To Have Dumped Chronic Loss-Maker. Can PSA Make The Merger Work? “is it possible to create one competitive firm out of two relatively weak ones” Both sides of the Peugeot/Opel Vauxhall merger were smiling after the news broke, but it will probably take years before […]
Shareholders Will Be Cheering As GM Dumps Opel-Vauxhall
Shareholders Will Be Cheering As GM Dumps Opel-Vauxhall. “We’re confident that the Opel-Vauxhall turnaround will significantly accelerate with our support” General Motors shareholders might well be dancing in the streets today after news that it has finally managed to dump its chronic, perpetually loss-making European operations on France’s PSA Group. GM’s Opel-Vauxhall brands have lost […]
If France’s PSA Takes Over Opel-Vauxhall, Impact “Seismic”
If France’s PSA Takes Over Opel-Vauxhall, Impact “Seismic”. “A successful integration is reliant on deep restructuring and industrial synergies” France’s PSA Group is said to be close to buying General Motors Opel-Vauxhall subsidiary, a move that would send tremors through the European industry and pressurize market leader Volkswagen. PSA has reportedly scheduled a press conference […]