psa opel tie-up
Peugeot family says Opel deal paves way for global expansionMarch 20, 2017
GM isn't done pruningMarch 13, 2017
After pulling the trigger on a sale of its European operations, General Motors signaled that it's willing to cut off more vestigial corners of its business in a drive to improve its profit margins and stock price. CEO Mary Barra says the Opel deal is not the end of the automaker's effort to pare its portfolio.
Opel will push ahead with EVs, flagship SUV under PSA ownershipMarch 16, 2017
Ford looks for upside in EuropeMarch 12, 2017
Could Opel deal set off a chain reaction?March 13, 2017
Turin outpost will help GM's push into dieselsMarch 13, 2017
Can PSA succeed where GM failed?March 12, 2017
GM's sale of Opel represents a final acknowledgment that -- just as many industry experts in Europe believe -- a regional power such as PSA Group might be more suited to run the business in the face of increasingly challenging odds.
GM pays out more than it receives in Opel dealMarch 13, 2017
Opel deal caps Ammann's 'ruthless' driveMarch 13, 2017
Emissions rules made GM's decision easierMarch 13, 2017
Big deals in the auto industry are rarely about a single vehicle, but to understand the cost pressures that helped prompt General Motors to abandon its European operations, consider the unassuming Opel Corsa subcompact.
GM and PSA see mobility as their markerMarch 13, 2017
A new powerhouse emergesMarch 13, 2017
GM to make pension payments for years just to escape EuropeMarch 7, 2017
New Opel Corsa delayed as PSA pushes technical convergenceMarch 7, 2017
Marchionne says rationale for GM-FCA merger stands, even after PSA buys OpelMarch 7, 2017
FCA Sergio Marchionne said he could approach GM again regarding a potential merger, adding a rationale for a tie-up still existed even after the U.S. rival decided to sell its European operations to PSA.
GM shifts from bigger is better to less global, more profitableMarch 6, 2017
Timeline: A look at Opel from sewing machines to bicycles to cars to PSAMarch 6, 2017
GM sells Opel to improve 'overall business profile'March 6, 2017
After years of losses that totaled nearly $20 billion, GM will unload Opel and Vauxhall because Europe's geo-political and regulatory climate demands more investment when GM executives see a bigger need to focus on North America, China and emerging technologies. “The mass-market opportunity in Europe is no longer compelling,” GM President Dan Ammann told analysts.
GM will keep Cadillac in EuropeMarch 6, 2017
GM will remain a niche player in Europe after it closes on the sale of Opel/Vauxhall to PSA Group, with plans to continue competing in the European premium market with the Chevrolet Camaro and Corvette as well as Cadillac.
Opel CEO Neumann will remain in post after PSA takeoverMarch 6, 2017
Tavares wins favorable terms with Opel takeoverMarch 6, 2017
PSA's agreement to buy GM's Opel/Vauxhall unit in a transaction valued at 2.2 billion euros ($2.3 billion) at first glance seems to have cost the French automaker a bit more than pre-deal expectations of just below 2 billion euros, but this is just an optical illusion.
Tavares is a maestro who wants to orchestrate Opel's revivalMarch 5, 2017
Carlos Tavares made a promise when he took over France's PSA: Let us fix the business, then we can forge partnerships to foster growth. He has done the first part. Now he's taking on the task of restructuring GM's Opel.
GM's relationship with Opel grew turbulent through the yearsMarch 5, 2017
Will purchase of Opel mean deja vu for PSA?March 6, 2017
GM, PSA plan Monday news conference; details begin to leakMarch 4, 2017
GM and PSA will hold a press conference on Monday morning, with the subject expected to be PSA's acquisition of GM's European operations. Details of the agreement began leaking Sunday in the French media.
PSA reaches deal to buy Opel from GM, wins board approval, report saysMarch 3, 2017
PSA Group reached an agreement with General Motors to buy the U.S. carmaker's loss-making Opel division and won the support of its own board for the deal on Friday, a source familiar with the matter told Reuters.
PSA close to deal to acquire GM's Opel unit, reports sayMarch 2, 2017
PSA Group is closing in on a deal to acquire General Motors' Opel unit to create Europe's second-largest automaker, with an agreement possibly coming early next week, according to two major wire reports.
Barra 'exploring opportunities' for Opel with PeugeotFeb. 28, 2017
GM, PSA haggle over $9 billion pension gap, report saysFeb. 24, 2017
GM said to demand non-compete clauses in return for Opel patentsFeb. 24, 2017
GM has told PSA it would only sell licenses for the manufacture of Opel cars to the French company if it agreed not to sell them in North America, Russia or China, a German magazine reported. Opel would only be allowed to sell new models in those markets but not existing cars such as electric car Ampera-e.
PSA's Tavares says Opel deal would find 'speedy' savingsFeb. 23, 2017
PSA's proposed acquisition of Opel would swiftly create savings and value for both companies, PSA CEO Carlos Tavares said. PSA could attract new customers currently reluctant to buy French cars, while generating savings from shared technical underpinnings, he said.
PSA takes first steps to U.S. market entry with ride-sharing serviceFeb. 23, 2017
PSA will be a partner in TravelCar, a ride-sharing service set to begin in April at airports in San Francisco and Los Angeles, as the automaker takes the first steps toward re-entering the North American market.
PSA could sell Opel cars outside of EuropeFeb. 23, 2017
PSA ready for 'opportunities' as profit gain helps Opel stanceFeb. 23, 2017
VW said to renew India push with Tata alliance talksFeb. 23, 2017
VW Group is in advanced talks to team up with Tata Motors as the German automaker takes another stab at India's fast-growing demand for cars, Bloomberg reported. Competition for India's booming market of middle-class drivers is intensifying, with global manufacturers from Fiat Chrysler to PSA expanding in the country.
PSA seeks up to $2.1 billion savings from Opel deal, report saysFeb. 22, 2017
PSA Group expects its planned acquisition of GM's Opel/Vauxhall division to lead to combined sales of 5 million vehicles by 2022 and save as much as 2 billion euros ($2.1 billion) annually, as talks advance towards a likely deal in early March, sources told Reuters.
PSA says it will honor existing Opel job guaranteesFeb. 21, 2017
PSA Group told German Chancellor Angela Merkel that it would uphold Opel and Vauxhall job guarantees if it buys GM's European arm, though some analysts say thousands of job losses are likely eventually.
VW softens some cost cut demands, workers sayFeb. 21, 2017
VW Group has rowed back on some demands for larger cost cuts than previously agreed with unions at its core VW brand, the company's labor bosses works, as both sides seek to end a dispute over implementing a turnaround plan.
The really new GM: Ready to quit EuropeFeb. 20, 2017
GM's proposed departure from Europe would be a radical pivot for a company that historically tried to dominate every global market it could, as well as a sign of how dramatically the industry is being upended by shifting attitudes about transportation.
Ford found a recipe for profits in EuropeFeb. 20, 2017
General Motors hasn't made money in Europe since Bill Clinton was president. If the world's third-largest auto-maker fails to unload its Opel European division on PSA Group, it could look to its crosstown rival in Dearborn, Mich., for an example of how to right the ship.
Once upon a time, Opel was GM's little engine that couldFeb. 19, 2017
Europe has been a drain on General Motors for a long time, but Opel did have its glory days and at least once helped keep GM afloat. Automotive News Print Editor RIck Johnson was there when it happened.
PSA may vow to maintain Opel sites; deal likely by March 9Feb. 19, 2017
PSA CEO Carlos Tavares will meet with UK and France government leaders this week to discuss the potential purchase of GM's Opel and Vauxhall brands. To win support for the takeover, PSA will pledge to maintain Opel's independence, honor existing collective labor agreements and continue to invest in all four of its German sites until at least 2020, a report said.
Why leave Europe's car market? So many reasons.Feb. 18, 2017
Why is General Motors looking for a way out of Europe? That's easy. While home to many of the oldest and most venerable car brands in the world, Europe may also be the most brutally competitive and demanding market, with a complicated patchwork of regulations under which a host of American, European and Asian brands all compete.
Could FCA look better to GM after Opel deal?Feb. 20, 2017
Now that General Motors is potentially selling off its European brand Opel to PSA, there is one way the automaker could stay in Europe and remain profitable: by finally taking up FCA CEO Sergio Marchionne's offer to merge.
PSA's takeover plan has analysts puzzledFeb. 20, 2017
Carlos Tavares, PSA Group's energetic CEO, made a promise when he took over the struggling French automaker in 2014: Let us fix the business, then we can look to forge partnerships that foster our growth. He's done the first part.
Buick relying less on Opel, more on ChinaFeb. 20, 2017
GM's European slogFeb. 20, 2017
Since General Motors' decision to keep the Opel division following its 2009 bankruptcy, the company has had a revolving door of executives and a tough time finding traction in the crowded European market.