Jaguar ) , General Motors ( Opel ) , MAN ( Man ) , Porsche ( Porsche ) , PSA ( Citroën , Peugeot ) , Renault ( Renault ) , Scania ( Scania ) samt VWkoncernen

General Motors announces the sale of Opel and Vauxhall divisions to Paris based PSA Groupe, Host Sam Haymart talks on the details of the sale and what it mea

Combined deliveries for PSA and Opel totaled 4.3 million vehicles in 2016, or about 17 percent of the market. The PSA Group sold 3.5m cars globally last year and Vauxhall/Opel sold 1m. PSA has previously said the decision allowed it to support worldwide profitable growth, while General Motors, current 09 June 2017 Opel has confirmed that General Motors (GM) could complete the sale of its European operations to PSA Group (Peugeot Citroën) as early as 31 July. The early date has been realised following GM resolving a key confrontation with unions after it formally agreed to protect factory jobs, signing binding contracts last week. About Press Copyright Contact us Creators Advertise Developers Terms Privacy Policy & Safety How YouTube works Test new features Press Copyright Contact us Creators 2017-03-03 · GM’s Opel division, which includes sister brand Vauxhall in the U.K., employs some 38,000 people and operates nine plants, one design center and two engineering centers across the region. 2017-03-06 · The companies said GM will keep most Opel-Vauxhall pension plans except for a German active employees and some smaller plans that will be transferred to PSA. GM will pay PSA about $3.18 billion to France's PSA Group said on Monday it agreed to buy Opel and its British Vauxhall brand from General Motors in a deal valuing the business at 2.2 billion euros ($2.3 billion). Cleveland, Ohio – Peugeot Citroen owner PSA Groupe has agreed to buy General Motors (GM’s) Opel and Vauxhall European brands for $2.33 billion – $1.38 billion for the automotive assets and $0.95 for the financing wing of GM Europe.

PSA sold 1.4 million units in 2014, out of which 541,000 were Citroën cars and 860,911 were Peugeot vehicles. Opel/Vauxhall sales slightly increased to 984,769 units in 2016. 2021-02-01 · However, Opel/Vauxhall fared worst among PSA brands in 2020, with a 35% drop in sales compared with 2019, according to PSA, which noted a slight uptick in market share in the fourth quarter. PSA and GM have announced the completion of the planned sale of Opel Automobile GmbH with its brands Opel and Vauxhall by General Motors to Groupe PSA. PSA has also announced senior management Opel's global export push could mean production of its cars in PSA's plants in China, Russia and Iran, and even sales in the U.S., the home market of its former owner General Motors..

2017-03-06 2017-03-06 In accordance with the sale, which was first announced in March, PSA paid $1.53 billion for the Opel and Vauxhall brands and $1.06 billion for the European division of the GM Financial lending unit. 2017-08-01 2017-08-01 Holden has released a statement on the sale of Opel and Vauxhall from General Motors to PSA Group, stating it will not affect Commodore and Astra. 2018-07-24 Last year, Volkswagen nabbed the global sales title, GM sinking to third, though it still managed to sell 10 million vehicles worldwide.

2017-06-09

General Motors and French automaker PSA Group on Tuesday announced the completion of the sale of Opel. Its acquisition of Opel means PSA Group is second only to the Volkswagen Group for size among This morning, General Motors confirmed that it has sold both its Opel/Vauxhall subsidiary and its European financial arm to Paris-based PSA for a total of €2.2 billion ($2.3 billion).

2018-07-24 · The sale of Opel to PSA ended nearly a century of GM ownership. The US carmaker had not posted a full-year profit in its European operations since 1999. CNNMoney (London) First published July 24

The finalization of the deal means PSA Group is now the second largest European automaker, second only to Volkswagen AG. In March GM announced its intent to sell its struggling European brands.

The deal will total $2.3 billion (2.2 billion euros) and consist of GM's sales Holden has released a statement on the sale of Opel and Vauxhall from General Motors to PSA Group, stating it will not affect Commodore and Astra. 2017-08-01 · GM to sell Opel, Vauxhall to PSA Groupe for $2.2 billion. GM, Peugeot to announce Opel deal on Monday. Mary Barra shapes a new GM: Fast, focused and decisive 2018-07-24 · The sale of Opel to PSA ended nearly a century of GM ownership. The US carmaker had not posted a full-year profit in its European operations since 1999. CNNMoney (London) First published July 24 2017-08-01 · GM closes sale of Opel/Vauxhall to Groupe PSA PR Newswire DETROIT, Aug. 1, 2017 DETROIT, Aug. 1, 2017 /PRNewswire/ -- General Motors Co. (NYSE: GM) and Groupe PSA (Paris: UG) today announced the Following its bankruptcy late last decade, GM came close to selling Opel, which it has owned since 1931.Instead, the automaker in 2012 started collaborating with PSA on a number of projects and at The PSA Group sold 3.5m cars globally last year and Vauxhall/Opel sold 1m. PSA has previously said the decision allowed it to support worldwide profitable growth, while General Motors, current General Motors announces the sale of Opel and Vauxhall divisions to Paris based PSA Groupe, Host Sam Haymart talks on the details of the sale and what it mea March 6, 2017.
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26 Feb 2019 PSA announced that Opel and Vauxhall were profitable in 2018 after years of losses under GM. Also, the Peugeot brand will be sold in the The sale could impact the North American market in a few ways. Buick. GM's semi-luxury brand has gotten most of its car designs in recent years from Opel.

To sell its European operations, GM has created the new company Opel Automobile GmbH, which will be sold to PSA. 2017-03-06 Opel, the European arm of General Motors , said its sale to France's PSA Group could be completed as early as July 31, pending regulatory approval from antitrust authorities. 2017-08-01 2017-03-06 At the same time, GM said it will have to take a primarily non-cash special charge of $4 billion to $4.5 billion in connection with the sale. GM said it will pay PSA 3 billion euros ($3.18 billion Sale of Opel/Vauxhall to PSA Group for ~$2.2B Builds on success of prior alliance Collaboration between GM and PSA Group to continue Allows GM to focus resources on higher-return opportunities Accelerates returns to owners General Motors has officially closed the sale of Opel and Vauxhall to PSA Groupe in a $2.6 billion deal. 2017-03-06 2017-03-06 In accordance with the sale, which was first announced in March, PSA paid $1.53 billion for the Opel and Vauxhall brands and $1.06 billion for the European division of the GM Financial lending unit.
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The sale includes all of Opel 23 Mar 2017 General Motors hasn't known what to do with its German subsidiary, Opel, for some time. Back in 2009 GM put Opel up for sale before reneging 5 Mar 2017 The parent of Peugeot and Citroen - PSA Group - will become the new owners of the Vauxhall and Opel brands following a takeover of General 6 Mar 2017 Opel sale marks GM's retreat from a major market. For the once-struggling PSA Group, which makes Peugeot and Citroen cars and has just 14 Feb 2017 General Motors is in high-level negotiations for the sale of its European operations, including the Opel and Vauxhall brands to the the 6 Mar 2017 General Motors has sold its European operations in a deal worth $2.3 billion, the automaker announced today. Read the details here. 24 mars 2017 Trop semblables pour s'unir, les deux constructeurs disposent pourtant de quelques atouts et GM, d'une porte de sortie providentielle.

2017-08-01 · GM to sell Opel, Vauxhall to PSA Groupe for $2.2 billion. GM, Peugeot to announce Opel deal on Monday. Mary Barra shapes a new GM: Fast, focused and decisive

DETROIT, Aug. 1, 2017 /PRNewswire/ -- General Motors Co. (NYSE: GM) and Groupe PSA (Paris: UG) today announced the close of the sale of GM's Opel/Vauxhall business to the Groupe PSA.. The sale represents a win for all stakeholders and is the latest and most significant in a series of actions GM has taken to strengthen its global enterprise and position itself for the future, while immediately 2017-02-14 2017-03-06 The sale of Opel to PSA Group won’t affect GM’s Buick division too much as the German automaker will continue to produce cars for General Motors, despite no longer being part of the company. Vehicles such as the upcoming Regal and Regal TourX will continue to come out of Opel’s Russelheim facility and the automaker is expected to produce them well past 2019. By acquiring Opel, PSA leapfrogs French rival Renault (RENA.PA) to become Europe’s second-ranked carmaker by sales, with a 16 percent market share to VW’s 24 percent. Last year, PSA and GM Europe recorded a combined 72 billion euros in revenue and 4.3 million vehicle deliveries. GM Expecting Letter of Intent Regarding Opel Sale Soon General Motors is reportedly expecting to receive a letter of intent from French automaker PSA soon regarding their purchase of Opel. This news comes appropriately quick after news first broke of acquisition talks between GM and PSA … 2017-03-06 In a deal first announced just this past March, GM has sold Opel – which has served as its European division since 1929 – to PSA, the French auto group that already encompasses the Peugeot PSA and GM have announced the completion of the planned sale of Opel Automobile GmbH with its brands Opel and Vauxhall by General Motors to Groupe PSA. PSA has … 2021-02-01 2017-03-06 Opel's global export push could mean production of its cars in PSA's plants in China, Russia and Iran, and even sales in the U.S., the home market of its former owner General Motors..