vauxhall

Marchionne would still merge with General Motors, but is it the right fit?
Marchionne would still merge with General Motors, but is it the right fit?

In December 2015, Fiat Chrysler Automobiles' CEO Sergio Marchionne admitted that he'd given up his dream of merging FCA and General Motors for the time-being. But apparently, true love never dies: in the wake of yesterday's announcement that GM is selling off Opel/Vauxhall to PSA, reporters asked...Read More»

PSA's Carlos Tavares and General Motors' Mary T. Barra
GM sells Opel/Vauxhall to PSA: is it a win-win?

This morning, General Motors confirmed that it has sold both its Opel/Vauxhall subsidiary and its European financial arm to Paris-based PSA for a total of €2.2 billion ($2.3 billion). Naturally, GM has pitched this as a win-win for itself and for PSA (formerly known as PSA Peugeot Citroen)...Read More»

Opel Ampera
Magna and Opel Ready to Deal?

The purchase of Opel reads like a daytime soap opera romance - too many suitors, lots of drama, and a fair amount of threats and protests. But in the end, it looks like Magna will come away with the girl, with a tentative agreement worth $2.1 billion reached today. The deal will provide emergency...Read More»

Opel Logo
Opel Assistance Deal Thin On Details Says German Gov't

Yesterday German Economy Minister Karl-Theodor zu Guttenberg, on his way from Germany to the U.S. for talks with GM and U.S. government officials, called upon more information from GM regarding its proposed solution for ailing Opel. He claims that GM's plan for Opel, its German division, is thin on...Read More»

Opel Logo
GM Wants $4.2 Billion European Aid For Opel Restructuring

Today GM of Europe announced a restructuring plan that would spin Opel off into a separate business unit to save "as many jobs and factories as possible" according to Automotive News. But GM can't do it alone; they claim to need 3.3 billion euros in state aid (approximately $4.18 billion). This in...Read More»

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