The Opel and Vauxhall manufacturing operations have cost PSA €1.3 billion, with a further €900 million for 50 per cent of GM’s European financial establishment. Investment bank BNP Paribas has

25 Aug 2018 Before sale, General Motors had owned Opel for 88 years (since 1929)! For PSA Group it was a good deal, as acquisition of Opel made PSA 

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 2017-02-14 · GM and PSA said they are discussing a potential sale of Opel to PSA. GM had a deal to unload its money-losing European division in 2009 before backing out at the last minute, saying its prospects GM Sale of Opel to PSA Valued at $2 Billion Although the deal may be delayed. See all 2 photos. Michael Cantu Words.

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PSA wants to grow. GM wants to stop burning money in Europe. 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.

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

The automakers announced the sale on Monday. The deal will total $2.3 billion (2.2 General Motors sees the sale of its Adam Opel and Vauxhall brands to PSA Peugeot Citroen as an opportunity to sharpen the Detroit automaker’s focus on profitability, and while it is a The Opel and Vauxhall manufacturing operations have cost PSA €1.3 billion, with a further €900 million for 50 per cent of GM’s European financial establishment. Investment bank BNP Paribas PSA CEO Carlos Tavares is looking to find €1.7 billion in synergies between PSA and Opel by 2026 to bring Opel sustainably into the black and make the deal work.

PSA Group said Tuesday that Germany's Opel and its UK sister brand Vauxhall generated an operating profit of €502 million ($587 million) in the first six months of the year. It's a stunning

The sale of Opel seals General Motors' exit from Europe.

Opel/Vauxhall sales slightly increased to 984,769 units in 2016. 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. PSA and GM have announced the completion of the planned sale of Opel Automobile GmbH with its brands Opel and Vauxhall by General Motors to Groupe PSA. PSA has also announced senior management Opel's global export push could mean production of its cars in PSA's plants in China, Russia and Iran, and even sales in the U.S., the home market of its former owner General Motors.. As part of The sale of General Motors' European Opel unit to PSA Group is looking more likely and could be announced as early as Monday, according to a flurry of news reports. GM CEO cautious on Opel sale 1 1 Aug 2017 DETROIT — General Motors Co. (NYSE:GM) and Groupe PSA (Paris:UG) today announced the close of the sale of GM's Opel/Vauxhall  24 Aug 2018 Opel Vauxhall lost about $20 billion – yes that's billion not million – between the year 2000 and last year when General Motors sold it to the  6 Mar 2017 The automaker giant has just effectively ceased its European operations, selling Opel, Vauxhall, and the European division of GM Financial to the  6 Mar 2017 At a time when European unity is under threat, the sale of Opel to PSA could strain relations among Britain, France and Germany as they try to  6 Mar 2017 The automakers announced the sale on Monday.
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Artikelnr: 400.1775. General Motors Company, förkortat GM (före konkursen 2009 kallat General Motors I mars 2017 sålde GM Opel och Vauxhall till franska PSA Peugeot Citroën.

Its acquisition of Opel means PSA Group is second only to the Volkswagen Group for size among European automakers. Combined deliveries for PSA and Opel totaled 4.3 million vehicles in 2016, or about 17 percent of the market. Today's announcement will see PSA license technology rights from GM, so that it can continue to sell existing and already confirmed Opel/Vauxhall models in Europe.
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Last year, Volkswagen nabbed the global sales title, GM sinking to third, though it still managed to sell 10 million vehicles worldwide. (To see the latest efforts by PSA, Click Here.) Losing Opel and Vauxhall would shave 1 million vehicles a year from that figure and GM would slip to at least fourth, behind the Renault-Nissan Alliance.

GM closes sale of Opel/Vauxhall to Groupe PSA PR Newswire DETROIT, Aug. 1, 2017 DETROIT, Aug. 1, 2017 /PRNewswire/ -- General Motors Co. (NYSE: GM) and Groupe PSA (Paris: UG) today announced the General Motors Chairman and CEO Mary Barra announced a deal to sell Opel to PSA Groupe on Monday, March 5 2017. In this photo, from 2016, Barra was announcing GM's financial results. PSA, which makes Peugeot, Citroen and DS-brand cars, is buying both GM’s Opel and its U.K.-based Vauxhall operations for a seemingly bargain $2.2 billion. Daniel Roland/Stringer/Getty Images General Motors is selling Opel, its European division, to the PSA Group.