PSA stabilizes Opel, but much work remains

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Thread: PSA stabilizes Opel, but much work remains

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    GMI Staff Member Premium Member nadepalma's Avatar
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    PSA stabilizes Opel, but much work remains

    PSA stabilizes Opel, but much work remains
    March 18, 2018
    Peter Sigal
    autonews.com

    GENEVA — "No regrets."

    That's PSA Group CEO Carlos Tavares' assessment one year after striking a $2.7 billion deal for Opel and Vauxhall, General Motors' stubbornly unprofitable European brands.

    Tavares says PSA has begun to stanch the flow of red ink at Opel after nearly two decades of losses under GM and pave the way for sustainable profits. He has cut costs by negotiating concessions with European unions and sharing purchasing and other expenditures. There have not been large-scale layoffs or factory closings, as many had feared.

    By design or necessity, PSA is moving swiftly to transfer its technology to Opel vehicles, a move that Tavares said is accelerating synergies.

    "We know we can turn around this company, and we are now seeing the first concrete results," he said this month.

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    Re: PSA stabilizes Opel, but much work remains

    Good luck dealing with the most arrogant, self centered country in the world.

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    Firebird Concept (the turbine one) VS Ute 5Litre's Avatar
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    Re: PSA stabilizes Opel, but much work remains

    Quote Originally Posted by Pisswilly View Post
    Good luck dealing with the most arrogant, self centered country in the world.
    the U.S.A?


    Didnt they just get out of that ?


    :P
    Who the hell approved this abomination? Hidden Content

    I bet it was some dumbarse in Detroit Hidden Content

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    Re: PSA stabilizes Opel, but much work remains

    The sooner GM heritage technology is gone from Opel/Vauxhall, the better for PSA/Opel - it's certainly going to be a lot sooner than GM planned.

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    Re: PSA stabilizes Opel, but much work remains

    Quote Originally Posted by VS Ute 5Litre View Post
    the U.S.A?


    Didnt they just get out of that ?


    :P
    When you're the best you can look down on those that drive on the wrong side of the road.

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    Re: PSA stabilizes Opel, but much work remains

    Quote Originally Posted by supermoto View Post
    When you're the best you can look down on those that drive on the wrong side of the road.
    GM couldn't cope with the French, Germans, Italians and Spanish who all drive the same side as USA - Saab, gone - Camaro/Corvette/Cadillac sales never really get started - couldn't understand Opel/Vauxhall. It's nowt to do with where the steering is.

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    Re: PSA stabilizes Opel, but much work remains

    Quote Originally Posted by Ruperts Trooper View Post
    GM couldn't cope with the French, Germans, Italians and Spanish who all drive the same side as USA - Saab, gone - Camaro/Corvette/Cadillac sales never really get started - couldn't understand Opel/Vauxhall. It's nowt to do with where the steering is.
    Just like all the failed English car makers.. the rest of them became Tatas and Geeley’s...

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    Re: PSA stabilizes Opel, but much work remains

    Quote Originally Posted by mbukukanyau View Post
    Just like all the failed English car makers.. the rest of them became Tatas and Geeley’s...
    Hopefully Tata and Geeley are better at running foreign car companies than GM - it's how they aquired Vauxhall, Opel, Holden, Saab and Daewoo.

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    Re: PSA stabilizes Opel, but much work remains

    Quote Originally Posted by Ruperts Trooper View Post
    Hopefully Tata and Geeley are better at running foreign car companies than GM - it's how they aquired Vauxhall, Opel, Holden, Saab and Daewoo.
    That is why GM got out of Europe, If they left so that they can pay for this


    and this



    It was the right decision. Those European operations were money pits... Ford tried that whole Ownership experience and it did not work either.

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    Re: PSA stabilizes Opel, but much work remains

    Quote Originally Posted by mbukukanyau View Post
    That is why GM got out of Europe

    It was the right decision. Those European operations were money pits... Ford tried that whole Ownership experience and it did not work either.
    BMW, Mercedes-Benz, JLR and VW Group are so struggling to make money in Europe

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    Re: PSA stabilizes Opel, but much work remains

    Heavy regulations tend to favor the strongest, largest players at the expense of outside competition and consumers. The EU is a pig and it doesn't just affect auto manufacturing.

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    Re: PSA stabilizes Opel, but much work remains

    Quote Originally Posted by Ruperts Trooper View Post
    BMW, Mercedes-Benz, JLR and VW Group are so struggling to make money in Europe
    BMW's success is built on profits from American sales.

    MB drained Chrysler in the 2000s to prop itself up during its period of decline as it struggled to adapt to the higher quality control and shorter development times of the Japanese.

    JLR were sold for a song only after heavy, wasted investment by Ford and BMW.

    VW is the exception, but they're as weak in North America as GM is in Europe.
    "The Artist Formerly Known As Jesda"

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    Re: PSA stabilizes Opel, but much work remains

    Quote Originally Posted by Ruperts Trooper View Post
    BMW, Mercedes-Benz, JLR and VW Group are so struggling to make money in Europe
    Eurocentric buyers

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    Re: PSA stabilizes Opel, but much work remains

    Quote Originally Posted by mbukukanyau View Post
    Eurocentric buyers
    Generally, Europeans prefer European-style cars, naturally - but then so do many Americans.

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    Re: PSA stabilizes Opel, but much work remains

    Quote Originally Posted by Ruperts Trooper View Post
    Hopefully Tata and Geeley are better at running foreign car companies than GM - it's how they aquired Vauxhall, Opel, Holden, Saab and Daewoo.
    Don't forget Volvo...and Rolls Royce and Bentley owned by Germans (they know their luxury) anyway..i'm not sure Opel is out of the woods yet..maybe first models under PSA umbrella will show us more.
    Last edited by asrapid1; 03-24-2018 at 05:01 PM.

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