Latest News About Opel Joining PSA Group

  1. Welcome to GM Inside News Forum – General discussion forum for GM

    Welcome to GM Inside News Forum - a website dedicated to all things GM.

    You are currently viewing our forum as a guest, which gives you limited access to view most discussions and access our other features. By joining our community, at no cost, you will have access to post topics, communicate privately with other members (PM), respond to polls, upload content and access many other special features. Registration is free, fast and simple, Join GM Inside News Forum today!
     
Page 1 of 13 12311 ... LastLast
Results 1 to 15 of 189

Thread: Latest News About Opel Joining PSA Group

  1. #1
    6.2 Liter LS3 V8 Premium Member Toto's Avatar
    Join Date
    Oct 2005
    Location
    Dortmund
    Posts
    3,750
    Thanks
    215
    Thanked 885 Times in 481 Posts
    My Ride
    Opel Corsa GSI

    Latest News About Opel Joining PSA Group

    Opel Progressing Steps to Establish Organizational Prerequisites in Anticipation of Joining PSA Group
    Opel Press Release
    2017-04-06


    - Operative businesses grouped together
    - Co-determination retained fully unchanged
    - Product-agreements for Rüsselsheim and Eisenach plants confirmed






    Rüsselsheim. To be prepared for the closing of the agreement between GM and PSA, Opel has discussed with its works council certain steps to the company’s legal status. The ultimate goal is that Opel’s European businesses that will join PSA will be grouped together under one company. This was announced to the employees today during all-employee meetings.

    In a first step, already planned before PSA-announcement the Adam Opel AG will be converted into a GmbH. In the next steps Opel Group GmbH will be merged into Adam Opel GmbH. The combined business activities of the Opel/Vauxhall companies will be consolidated under one company. These changes to the company’s legal status will lead to a less complex organizational structure. They are expected to take place in the course of the second quarter and will be communicated in due time to all affected employees.

    All co-determination rights of the employees will remain unchanged. All the labor obligations of the existing companies and the continuation of the collective agreements will be assumed by the company resulting from the above transformation.

    As already communicated at the contract-signing, all the European pension plans of Opel/Vauxhall will remain at GM – with the exception of the pension plans of active employees in Germany and a selection of smaller plans in other European countries that will be transferred to PSA.

    Product agreements for the Rüsselsheim and Eisenach plants are confirmed. The successor of the Mokka X will be built in Eisenach from 2019. A large SUV will be produced in Rüsselsheim as of the end of the decade.

    In addition, investments are also confirmed for exports of sister products for another GM brand from these plants.

    All other agreements, which have been made between the company and employee representation, are to be valid after Opel/Vauxhall joins PSA Group. This includes questions concerning the capacity utilization of the engineering center in Rüsselsheim.

    Closing Condition

    The closing of the agreement between GM and PSA that will trigger the integration of Opel/Vauxhall into PSA is subject to various regulatory approvals, including the clearance by the European Commission.

  2. The Following 2 Users Say Thank You to Toto For This Useful Post:

    kmacleod (04-06-2017),SierraGS (04-08-2017)

  3. Remove Advertisements
    GM Inside News
    Advertisements
     

  4. #2
    6.2 Liter LS9 Supercharged V8
    Join Date
    Feb 2007
    Location
    SoCal
    Posts
    7,793
    Thanks
    6,505
    Thanked 2,224 Times in 1,376 Posts

    Re: Latest News About Opel Joining PSA Group

    Looks like PSA is off to a good start and is actively trying to fix the structural problems GM never bothered to address.

    PSA also left GM holding the bag on pensions.

    So GM gave up $14 to 16 Billion in Revenue and picked up the Pension tab for retired Opel/Vauxhall employees and forfeited the opportunity to ever be a player in the European market.

    Fiat-GM Part II with a really bad ending for GM.

  5. The Following 2 Users Say Thank You to SierraGS For This Useful Post:

    1958carnut (04-08-2017),orville (04-08-2017)

  6. #3
    2.4 Liter SIDI ECOTEC Uligar's Avatar
    Join Date
    Sep 2007
    Location
    Europe
    Posts
    360
    Thanks
    151
    Thanked 22 Times in 11 Posts
    My Ride
    Opel Mokka X

    Re: Latest News About Opel Joining PSA Group

    I ve heard that PSA has a 10years plan to return to the US Market.
    To buy Opel is a very Important step....
    Opel has a lot of knowledge of US Crash standards and specifications to help PSA to reach this goal
    Hidden Content
    Hidden Content Current Ride: Hidden Content
    OPEL Astra Caravan H 1.6T 180hp
    OPEL Mokka X 1.4T 140hp
    OPEL Calibra 2,0 Turbo 4x4 204hp
    (280 Nm 6,8 s 245 km/h 1995)

  7. The Following User Says Thank You to Uligar For This Useful Post:

    SierraGS (04-09-2017)

  8. Remove Advertisements
    GM Inside News
    Advertisements
     

  9. #4
    R2-D2 Astromech Droid Premium Member mbukukanyau's Avatar
    Join Date
    Dec 2003
    Location
    Carlsbad Commiefornia
    Posts
    30,647
    Thanks
    5,352
    Thanked 7,657 Times in 3,704 Posts
    My Ride
    2013 Traverse | 2018 Fusion

    Re: Latest News About Opel Joining PSA Group

    Quote Originally Posted by SierraGS View Post
    Looks like PSA is off to a good start and is actively trying to fix the structural problems GM never bothered to address.

    PSA also left GM holding the bag on pensions.

    So GM gave up $14 to 16 Billion in Revenue and picked up the Pension tab for retired Opel/Vauxhall employees and forfeited the opportunity to ever be a player in the European market.

    Fiat-GM Part II with a really bad ending for GM.
    They also gave up 20 billion dollars in losses.

  10. The Following User Says Thank You to mbukukanyau For This Useful Post:

    richmond2000 (04-10-2017)

  11. #5
    4.6 Liter Northstar V8 MisterMe's Avatar
    Join Date
    Jan 2007
    Location
    USA
    Posts
    1,523
    Thanks
    0
    Thanked 516 Times in 303 Posts
    My Ride
    Chevrolet Malibu/2016/Pearl

    Re: Latest News About Opel Joining PSA Group

    Quote Originally Posted by SierraGS View Post
    Looks like PSA is off to a good start and is actively trying to fix the structural problems GM never bothered to address.

    PSA also left GM holding the bag on pensions.

    So GM gave up $14 to 16 Billion in Revenue and picked up the Pension tab for retired Opel/Vauxhall employees and forfeited the opportunity to ever be a player in the European market.

    Fiat-GM Part II with a really bad ending for GM.
    PSA has its own problems. To wit, it has too many factories. Before Brexit, Opel-Vauxhall was at least on the verge of profitability. Opel extends PSA's reach into new markets and brings with it new technology. But new markets and new technology will not solve PSA's issues. PSA must bring capacity into line with sales. How do you spell "factory closings" and "employee reductions"?

  12. #6
    4.6 Liter Northstar V8 Carbide's Avatar
    Join Date
    Oct 2016
    Location
    Michigan
    Posts
    1,584
    Thanks
    721
    Thanked 812 Times in 497 Posts

    Re: Latest News About Opel Joining PSA Group

    Quote Originally Posted by misterme View Post
    psa has its own problems.......how do you spell "factory closings" and "employee reductions"?
    l-a-y-o-f-f

  13. #7
    6.2 Liter LS9 Supercharged V8
    Join Date
    Feb 2007
    Location
    SoCal
    Posts
    7,793
    Thanks
    6,505
    Thanked 2,224 Times in 1,376 Posts

    Re: Latest News About Opel Joining PSA Group

    Quote Originally Posted by mbukukanyau View Post
    They also gave up 20 billion dollars in losses.
    That was due to poor management and the refusal to properly align Buick/GMC/Holden/Opel/Vauxhall to create global synergies and profits.

    GM brought all of those losses upon themselves.

    GM is going to pay a very high price for the loss of that $14 to $16 Billion (would be $20 Billion if GM had a clue) of Top Line Revenue for the next 50 years.

  14. #8
    6.2 Liter LS9 Supercharged V8
    Join Date
    Feb 2007
    Location
    SoCal
    Posts
    7,793
    Thanks
    6,505
    Thanked 2,224 Times in 1,376 Posts

    Re: Latest News About Opel Joining PSA Group

    Quote Originally Posted by MisterMe View Post
    PSA has its own problems. To wit, it has too many factories. Before Brexit, Opel-Vauxhall was at least on the verge of profitability. Opel extends PSA's reach into new markets and brings with it new technology. But new markets and new technology will not solve PSA's issues. PSA must bring capacity into line with sales. How do you spell "factory closings" and "employee reductions"?
    What is your point?

    PSA will work these issues out, it will not be easy, but PSA has the management know how that GM never has had, and never will.

    GM is a very poorly run company that does not have a clue of how global markets work or how to compete in them.

  15. The Following 2 Users Say Thank You to SierraGS For This Useful Post:

    377Z (01-09-2019),Uligar (04-11-2017)

  16. #9
    4.6 Liter Northstar V8 MisterMe's Avatar
    Join Date
    Jan 2007
    Location
    USA
    Posts
    1,523
    Thanks
    0
    Thanked 516 Times in 303 Posts
    My Ride
    Chevrolet Malibu/2016/Pearl

    Re: Latest News About Opel Joining PSA Group

    Quote Originally Posted by SierraGS View Post
    What is your point?

    PSA will work these issues out, it will not be easy, but PSA has the management know how that GM never has had, and never will.

    GM is a very poorly run company that does not have a clue of how global markets work or how to compete in them.
    If PSA had that much know-how, then it would not have so much excess manufacturing capacity.

  17. The Following 2 Users Say Thank You to MisterMe For This Useful Post:

    Chassis Guy (04-09-2017),richmond2000 (04-10-2017)

  18. #10
    6.2 Liter LS9 Supercharged V8
    Join Date
    Feb 2007
    Location
    SoCal
    Posts
    7,793
    Thanks
    6,505
    Thanked 2,224 Times in 1,376 Posts

    Re: Latest News About Opel Joining PSA Group

    Quote Originally Posted by MisterMe View Post
    If PSA had that much know-how, then it would not have so much excess manufacturing capacity.
    That was there from the previous PSA management and is no different than any other Automaker.

    The difference is that PSA has a new management team that has an understanding of how Global markets work and what is needed to become competitive.

    Nobody at PSA is hiding from the fact that there will be difficult decisions to be made in the future, but they will make them and move forward with their global strategy that will make better use of the remaining assets that will strengthen all of PSA's brands, and ensure continued sales strength for Vauxhall in the UK and Opel in Germany as well as many global markets outside the EU something GM was never willing to do.

  19. #11
    Banned
    Join Date
    Jun 2012
    Location
    NY
    Posts
    4,326
    Thanks
    1,984
    Thanked 2,338 Times in 1,334 Posts

    Re: Latest News About Opel Joining PSA Group

    Quote Originally Posted by Toto View Post
    In addition, investments are also confirmed for exports of sister products for another GM brand from these plants.
    Does this mean current Buick vehicles, or future product cycles?

  20. #12
    2.8 Liter Turbocharged V6
    Join Date
    May 2009
    Location
    SE MI
    Posts
    785
    Thanks
    511
    Thanked 361 Times in 204 Posts
    My Ride
    2008 HHR SS

    Re: Latest News About Opel Joining PSA Group

    Quote Originally Posted by MisterMe View Post
    If PSA had that much know-how, then it would not have so much excess manufacturing capacity.
    I think this is going to be the correct opinion when this all shakes out. They haven't been able to fight their way out of a paper bag thus far, and they just made the job harder. EU rules (unless they get preferential treatment) prevent them from right-sizing as they desperately need to do. Even if Opel is in good shape, the wagon they are hitching to is not. They can't manage their way out of strangling regs. notgonnahappen.

    I'm not at all convinced that Opel is in fighting shape, either. When I was at GM a few years ago, they needed roughly 3 people assigned to do what I was doing - for twice as many plants. That is no fable. 1/6 the productivity.

  21. #13
    6.2 Liter LS9 Supercharged V8
    Join Date
    Aug 2009
    Location
    England
    Posts
    7,675
    Thanks
    714
    Thanked 2,488 Times in 1,882 Posts
    My Ride
    VW Touareg 3.0 V6 TDI

    Re: Latest News About Opel Joining PSA Group

    Quote Originally Posted by Chassis Guy View Post
    I think this is going to be the correct opinion when this all shakes out. They haven't been able to fight their way out of a paper bag thus far, and they just made the job harder. EU rules (unless they get preferential treatment) prevent them from right-sizing as they desperately need to do. Even if Opel is in good shape, the wagon they are hitching to is not. They can't manage their way out of strangling regs. notgonnahappen.

    I'm not at all convinced that Opel is in fighting shape, either. When I was at GM a few years ago, they needed roughly 3 people assigned to do what I was doing - for twice as many plants. That is no fable. 1/6 the productivity.
    Opel/Vauxhall productivity varies widely across it's plants - partly due to their differing ages but mainly due to wide variations in trade union willingness to increase productivity - the variations supported by individual country legislation, NOT by EU rules.

  22. #14
    R2-D2 Astromech Droid Premium Member mbukukanyau's Avatar
    Join Date
    Dec 2003
    Location
    Carlsbad Commiefornia
    Posts
    30,647
    Thanks
    5,352
    Thanked 7,657 Times in 3,704 Posts
    My Ride
    2013 Traverse | 2018 Fusion

    Re: Latest News About Opel Joining PSA Group

    Quote Originally Posted by SierraGS View Post
    That was due to poor management and the refusal to properly align Buick/GMC/Holden/Opel/Vauxhall to create global synergies and profits.

    GM brought all of those losses upon themselves.

    GM is going to pay a very high price for the loss of that $14 to $16 Billion (would be $20 Billion if GM had a clue) of Top Line Revenue for the next 50 years.
    Agreed, but do not forget the billions they were bleeding from their bottom line to sustain that topline. GM's real problem is activist shareholders and a corporate structure that does not protect it. That is the real issue.

  23. The Following User Says Thank You to mbukukanyau For This Useful Post:

    SierraGS (08-21-2017)

  24. #15
    vxl
    vxl is offline
    2.8 Liter Turbocharged V6
    Join Date
    Nov 2004
    Posts
    781
    Thanks
    0
    Thanked 77 Times in 36 Posts

    Re: Latest News About Opel Joining PSA Group

    Quote Originally Posted by SierraGS View Post
    That was due to poor management and the refusal to properly align Buick/GMC/Holden/Opel/Vauxhall to create global synergies and profits.

    GM brought all of those losses upon themselves.

    GM is going to pay a very high price for the loss of that $14 to $16 Billion (would be $20 Billion if GM had a clue) of Top Line Revenue for the next 50 years.

    GM won't be around in 50 years. They are losing money is South America - so does it go next? Their profits come off the back of a handful of vehicles the demand for which cannot be guaranteed. I wonder how many of their model lines actually do make money? Cadillac is a waste of money and effort. They have no management control over the operations in China and I foresee, one day, SAIC taking complete control - perhaps of GM as an entity.

  25. The Following 3 Users Say Thank You to vxl For This Useful Post:

    chinamonty (04-10-2017),Ruperts Trooper (04-10-2017),SierraGS (08-21-2017)

  26. Remove Advertisements
    GM Inside News
    Advertisements
     

Page 1 of 13 12311 ... LastLast

Thread Information

Users Browsing this Thread

There are currently 1 users browsing this thread. (0 members and 1 guests)

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •  
Powered by vBadvanced CMPS v4.1.2