General Motors Is In Talks With PSA Over the Sale Of Opel And Vauxhall

In the biggest industry development since Volkswagen took a controlling stake in Porsche, General Motors is in high-level talks with the owner of Peugeot, Citroen and DS about transferring ownership of Opel and Vauxhall
General Motors Is In Talks With PSA Over the Sale Of Opel And Vauxhall

General Motors is reportedly about to sell Opel, including its British doppleganger Vauxhall, to the company that owns Peugeot and Citroen.

Senior officials at GM have confirmed that talks are at an advanced stage, but PSA, which owns three French brands including DS, refused to speculate on whether a deal is imminent or even possible.

The negotiations are said to focus on a full merger of the five brands rather than any parts- or platform-sharing arrangement. For cost-saving reasons the idea has been in the pipeline before, eventually being squashed in 2013 by GM’s sale of 7 per cent of Peugeot stock.

Autocar suggests that PSA’s Chinese partner Dongfeng could front a decisive portion of the cash needed to make the purchase.

If the deal goes through, it could have huge ramifications for the European car industry and could mean heavy job losses with closures of some the the firms’ plants. Vauxhall has a facility at Ellesmere Port in Cheshire where the Opel and Vauxhall Astras have been built since 1981.

The move could be an attempt to challenge the mighty Volkswagen Group’s multi-branded assault on the industry. The German conglomerate currently runs seven car brands, plus several commercial vehicle makers and Italian motorbike builder Ducati.



Ds is basically citroen. They decided to separe from citroen because it is the luxury part of citroen

02/15/2017 - 01:29 |
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Tatsuya Mikkinoppe

So now we have a Holden with French parts? Uhh…

02/15/2017 - 03:59 |
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The only good thing to come of this is that my 10 year warranty may be up for the chop, meaning I have nothing to lose by modding. First step, remap and 300bhp 👍

02/15/2017 - 07:47 |
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Great, make opel even worse

02/15/2017 - 10:09 |
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And how is that?

02/15/2017 - 10:52 |
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Well then, RIP VXR/OPC

02/15/2017 - 11:03 |
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Big Smoke

Id just like to see some Opels and Vauxhalls in the united states, people want what they cant get.

02/15/2017 - 11:40 |
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Manuel Kunz

I don’t hope that this will happen. Opel was starting to become the brand it used to be. The new Corsa OPC and the Adam S are really small fun cars with loads of character.
The engineers are awesome in building chassis and had to work with really small financial scopes.

I fear that a new owner could risk them starting again and bring the level back to boring econoboxes.

02/15/2017 - 17:36 |
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