News results for "vauxhall"

Vauxhall-Opel returns to profit under new PSA ownership

Posted By GMbeat on Articles

https://www.autocar.co.uk - Vauxhall-Opel has returned to profit for the first time since 1999 after being acquired from General Motors (GM) by France's PSA Group last year. As revealed in PSA’s annual financial results, the two brands posted operating profits of €502m (£448m) in the first half of 2018, compared with a loss of $257m (£196m) in 2016 - Vauxhall-Opel’s last full year under GM ownership.

Interview: Vauxhall boss Michael Lohscheller on the firm's revival plans

Posted By GMbeat on Articles

https://www.autocar.co.uk - Since acquiring Vauxhall-Opel last year, the PSA Group has been developiing an ambitious plan to revive the two brands - and to help them grow into new markets. Michael Lohscheller has recently been named the new boss of the two brands, and Autocar asked him to outline his vision for the future.

Ambitious revival planned for Vauxhall-Opel under PSA

Posted By GMbeat on Articles

https://www.autocar.co.uk - Vauxhall-Opel has launched a massive, all-encompassing revival project aimed initially at “fixing Europe” and then launching itself into the world’s biggest export markets, first China and then possibly the US. Carlos Tavares, CEO of the PSA Group that acquired Vauxhall-Opel last year, is convinced that despite a long history of unprofitability under former owner General Motors, the revived British-German concern can become “a true European champion”.