News results for "vauxhall"

Does GM's European Sale Indicate the Start of Merger Mania in the Auto Industry?

Posted By GMbeat on Articles - After a French conglomerate bought GM's Opel this week to become the second-largest carmaker in Europe, it could be a sign of more tie-ups.

GM to take $4 bln charge in Opel sale to Peugeot

Posted By GMbeat on Articles - General Motors on Monday said it had agreed to sell its European operations, taking a charge of at least $4 billion, as the U.S.'s biggest auto maker withdraws from a region where it hasn't made money for almost two decades. Peugeot SA will pay EUR1.32 billion ($1.4 billion) for GM's Opel and Vauxhall brands, the companies said Monday, consisting of EUR650 million in cash and the rest in Peugeot share warrants. GM's financial operations in Europe will be jointly acquired by Peugeot and BNP Paribas SA for about EUR900 million.

Autos bosses focus on technology rather than PSA-Opel (with video)

Posted By GMbeat on Articles - The auto industry is facing seismic changes with the rise of electric vehicles, automated driving and car sharing set to eclipse even big mergers such as PSA's purchase of Opel, executives at the Geneva auto show said.

In the Vauxhall towns, workers view PSA takeover with unease

Posted By GMbeat on Articles - Walk around the Cheshire town of Ellesmere Port and it is hard to find a person who does not know someone who has worked for Vauxhall. All seem unsurprised by Monday’s announcement that PSA Group is to buy the company.

Exclusive: PSA boss backs Holden deal

Posted By GMbeat on Articles - PSA Group boss Carlos Tavares has declared Opel will continue to sell vehicles to Holden as long as the General Motors division wants to buy them. He also confirmed the current Opel product plan for the next five to six years won’t be cut but may be added to by PSA Group, meaning that additional models Holden had lined up for import in the next few years would likely still be available.