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 | Vauxhall-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 Motors […]
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 […]
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 […]
New Astra Could Propel Opel-Vauxhall Towards Profit
New Astra Could Propel Opel-Vauxhall Towards Profit. “Its position versus main rivals like the Volkswagen Golf and Ford Focus will be much stronger than the old model” General Motors’ chronic loss-making European subsidiary Opel-Vauxhall could be on the brink of returning to profitability, and its new Astra family car could be the key. And not […]
GM Europe’s Opel-Vauxhall Unveils Crucial Astra
GM Europe’s Opel-Vauxhall Unveils Crucial Astra. Needs To Succeed To Achieve Profit Target. General Motors Europe’s Opel-Vauxhall published the first pictures of its important Astra sedan, which competes in the most competitive European sector led by Volkswagen’s Golf and the Ford Focus. The Astra needs to succeed if Opel-Vauxhall is to return to profit as […]
Opel Vauxhall Goes Backwards, But Overall Trend Looks Good
Neumann Low-Cost Car Comment Raises Eyebrows. While Ford Europe at least made miniscule profits in the second quarter, General Motors’ European Opel and Vauxhall subsidiaries slipped into reverse. GM Europe lost $305 million in the second quarter, up from a loss of $114 million in the same period last year, with company officials blaming costs […]