Mike Rutherford says that after escaping GM, Vauxhall could replicate Jaguar’s post-Ford era success.
Opel's or Vauxhall's in Britain, family car has matured over the years, having received a new name too - Insignia, meant to make buyers forget all about that unattractive and boring Vectra.
General Motors Co. announced today it has launched an offering of senior unsecured fixed and floating rate notes. GM intends to use the net proceeds from the sale of the notes to fund payments related to certain European pension obligations that were a condition to closing the Opel/Vauxhall sale and for general corporate purposes.
Gunning for economies of scale in building 5 million vehicles.
The maker of Peugeot and Citroen cars has finalized its $2.5 billion takeover of GM’s European brands Opel and Vauxhall.
General Motors has finally managed to dump its chronic European loss-maker Opel-Vauxhall on PSA of France. PSA confirmed the news Tuesday, about three months earlier than expected.
Cutting costs and boosting profitability – that’s the short version of why a deal for PSA and its Peugeot, Citroën and DS brands to buy General Motors’ Opel-Vauxhall business has been completed. It’s clearly big news.
Moving faster than many expected, GM has completed the sale of its money-losing European operations to PSA Group, the French automaker’s chairman hailing “the birth of a true European champion today.
PSA completed its takeover of the Opel and Vauxhall brands from GM on Tuesday, installing a fresh leadership team including new manufacturing, engineering and purchasing chiefs.