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1-16 of 16 Results
  1. Automotive Industry & GM News
    The German automaker that cranks out Buick Regals and, until this summer, Buick Cascadas for American consumers is suddenly flying high, distancing itself from its money pit days under former parent General Motors. After trying and failing to return the Opel (and sister brand Vauxhall) to...
  2. Automotive Industry & GM News
    With the sale of Vauxhall to PSA, the outlook was bleak for the brand's VXR performance line. The Corsa VXR hot hatch and the Holden-based VXR8 monster sedan were both gone from dealer showrooms. In its place, PSA had added GSi branded cars that were aimed at being sophisticated instead of...
  3. Automotive Industry & GM News
    The handover of General Motors' money-losing European division to France's PSA Group seemed complete last July, but now the maker of Peugeot and Citroen cars isn't happy with the bag it's holding. PSA claims the acquisition of the Opel and Vauxhall brands left it on the hook for massive fines...
  4. Opel & Vauxhall News
    In a quiet note at the beginning of August, General Motors and PSA Groupe have officially announced the sale of Opel and Vauxhall has been finalized. After months of haggling over future development contracts, headcounts, and pension obligations, both sides finally get what they want: for GM...
  5. Automotive Industry & GM News
    The EU Executive Commission has given PSA's acquisition of Opel and Vauxhall its blessing. PSA hopes the merger will better help it compete with rivals and market leaders, Volkswagen, as the acquisition catapults the French automaker into the No. 2 position. Merging of the automotive business...
  6. Automotive Industry & GM News
    Haggling over future development work has delayed General Motors planned sale of its European operations to the PSA Group. The crux of the issue lay in the work volume going forward at Opel's Development Center (ITEZ) in Rüsselsheim as there is overlap with PSA's own development centers which...
  7. Opel & Vauxhall News
    French investigators have cleared Opel of possible emissions fraud. The French Finance Ministry announced earlier today that its consumer fraud agency has concluded its investigation into Opel, having found no "facts constituting an infraction of fraud." As part of a larger investigation, Opel...
  8. Automotive Industry & GM News
    General Motors is practically paying PSA to take its perpetually underperforming European operations off its hands. PSA's $2.3 billion purchase price of Germany's Opel, the U.K based Vauxhall brand, plus GM's European lending business is largely symbolic; GM is actually paying PSA $3.2 billion...
  9. Automotive Industry & GM News
    One of the worst kept secrets in the automotive industry is out of the closet. After a month of swirling rumors General Motors and PSA Group officially announced PSA's acquisition of GM's Opel/Vauxhall European operations for a €2.2 billion sum. The addition of Opel/Vauxhall transforms PSA...
  10. Opel & Vauxhall News
    Opel autoworkers and executives worried that a French takeover will see their pretzels and bratwurst replaced by baguettes and brie can rest easy, or so the automaker looking to buy their company claims. France's PSA Group, which could submit a bid to buy Opel and sister division Vauxhall this...
  11. Automotive Industry & GM News
    What's the selling price for a huge automaker's entire European operations? $2 billion, apparently - one billion in cash and another billion in gained liabilities. That's the valuation that General Motors and PSA Group are discussing as the American automaker attempts to unload its Opel and...
  12. Global Buick News
    "Buick revealed its Cascada convertible, an elegant four-seater that will go on sale in the USA in the first quarter of 2016. This marks another example of the two brands' successful collaboration, which already includes the jointly-developed Buick Encore and Opel Mokka, the Buick Verano and...
  13. Global Buick News
    As politicians and labor unions in Europe reel from yesterday's revelation of high-level talks between General Motors and Peugeot over a possible sale of Opel, GM's most European-infused brand on this side of the Atlantic is operating business as usual. Buick, which is GM's second-largest brand...
  14. Opel & Vauxhall News
    After yesterday's shocking news of a potential takeover of GM-owned Opel and Vauxhall by France's PSA Group, General Motors CEO Mary Barra hopped on a plane to the Fatherland. Given the sudden uncertainty surrounding a major employer, Opel's works council, labor union and the German government...
  15. Opel & Vauxhall News
    Maybe it's leftover regional rivalry from generations past, or perhaps Germany just doesn't want anything to affect its status as Europe's financial powerhouse. Whatever the deep-seated reason, the residents of Deutschland are none too pleased about a possible French takeover of the Opel brand...
  16. Automotive Industry & GM News
    Multiple media sources are reporting that an acquisition of General Motors' European divisions by France's PSA Group could occur within a matter of days. Talks between GM and PSA, maker of the Peugeot, Citroën and DS brands, are reportedly at an "advanced stage." If finalized, the deal would...
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