General Motors and PSA Group have announced the close of the sale of Opel/Vauxhall to the French automaker. 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. GM says the move will allow the company to more sharply focus its efforts on higher-return

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.

GM says the move will allow the company to more sharply focus its efforts on higher-return 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.” GM becomes a smaller company and PSA now has to figure out how to reverse 18 years of losses -- but ties between the companies will continue for years, reports TheDetroitBureau.com. GM Sale of Opel to PSA Valued at $2 Billion Although the deal may be delayed. See all 2 photos. Michael Cantu Words. Feb 18, 2017.

Gm opel sale to psa

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. 18 juin 2019 Alors que General Motors avait depuis le début du XXIe siècle beaucoup Le patron de PSA, Carlos Tavares en intégrant les marques Opel et 6 mars 2017 C'est fait : General Motors a vendu ses marques et son activité à Peugeot PSA et BNP Paribas. La note s'élève à 2,3 milliards de dollars pour 15 févr. 2017 L'éclair allemand, filiale de General Motors depuis 1929, perd non seulement de l'argent depuis quinze ans en Europe (15 milliards sur la 6 Mar 2017 Groupe PSA and General Motors (GM) have confirmed today (6 March) that This acquisition by PSA will initially drastically increase its sales 6 Mar 2017 By acquiring Opel, PSA leapfrogs French rival Renault (RENA.PA) to become Europe's second-ranked carmaker by sales, with a 16 percent 14 Feb 2017 Opel's works council and labor union IG Metall said they were surprised by “ rumors about a possible sale of Opel/Vauxhall to PSA,” describing 14 Feb 2017 America's General Motors (GM) is in talks with France's PSA Group to sell GM's European unit Opel, reports Reuters.

The sale is the final act of a decades-long estrangement between GM and Opel. 20 Feb 2017 JATO analyses the PSA-Opel deal and the pros and cons behind it.

21 Feb 2020 Days after GM, which sold Opel to the PSA Group in 2017, announced it would cease almost all its operations in Australia this year, an Opel

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.

6 mars 2017 INFOGRAPHIE - Le groupe français a officialisé ce lundi matin l'acquisition de la filiale européenne de General Motors et de sa marque sœur

A deal between started to grow. Last year, Europe counted for 63% of PSA global sales. 6 Mar 2017 will acquire GM's Opel and Vauxhall subsidiaries, together with GM In FY2016, the Group has indeed increased nominal sales for the third 7 Mar 2017 France's Peugeot group is buying the Opel and Vauxhall brands from General Motors for $US2.2b.

With GM's Opel and Vauxhall operations, PSA Group would become the second largest carmaker in Europe, behind Volkswagen. The fine print behind the GM deal. Why is Vauxhall being sold to Peugeot's 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. Peugeot's US return boosted by Opel engineers acquired from GM General Motors' Opel sale gave PSA a wealth of engineers familiar with the North American market By Katie Burke at Automotive News 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 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. 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.
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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.

Opel köptes upp 1929 av amerikanska General Motors som ägde Opel till mars 2017 då franska PSA Peugeot Citroën köpte Opel. Idag är en Opel en del av Svar: I augusti 2017 köpte Groupe PSA bilmärkena Opel och Vauxhall från General Motors. OnStar Europe Limited ingick inte i köpet och fortsätter att vara en Franska biljätten PSA, där Peugeot ingår, köper General Motors europeiska verksamhet, med Opel i spetsen.
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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.

GM Sells Opel and Vauxhall to PSA For $2.3 Billion Peugeot and Citroen's parent group acquires GM's British and German brands to become Europe's second-largest automaker. By Máté Petrány 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 Stefan Ogbac Words. Aug 1, 2017. General Motors has officially completed the sale of its Opel division to France's PSA Group, effectively shedding GM's European division. 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.