2017-08-01 · GM to sell Opel, Vauxhall to PSA Groupe for $2.2 billion. GM, Peugeot to announce Opel deal on Monday. Mary Barra shapes a new GM: Fast, focused and decisive

2017-03-05

General Motors has 11 Apr 2017 PSA, which makes Peugeot, Citroen and DS-brand cars, is buying both GM's Opel and its U.K.-based Vauxhall operations for a seemingly 14 Feb 2017 General Motors is in high-level negotiations for the sale of its European operations, including the Opel and Vauxhall brands to the the 1 Aug 2017 General Motors and French automaker PSA Group on Tuesday announced the completion of the sale of Opel. Its acquisition of Opel means 6 Mar 2017 GM's decision to say goodbye to the Opel-Vauxhall business it's controlled for nearly 90 years – and accounts for 10 percent of GM's global sales 9 Mar 2017 GM announced Monday that it will sell Germany's Opel, Great Britain's Vauxhall and its other European operations to France's PSA Groupe, 23 May 2017 On March 6, 2017, PSA Group and GM announced the acquisition of With estimated European sales of 3.0 Million vehicles in 2017, this 6 Mar 2017 PSA Group and General Motors (GM) have come to an agreement over the sale of the latter's European business, specifically the Opel and 6 Mar 2017 GM is selling Opel and Vauxhall to Peugeot parent PSA to be less global but more profitable on software. 5 Dec 2017 Reuters is reporting that PSA Group now wants GM to refund nearly half, or about $700 million of the $1.353 billion it paid to the U.S. 1 Mar 2018 Without Opel-Vauxhall, PSA's margin would have been 7.1 percent, the company said. but Opel's sales figures year-on-year showed almost no growth, a division of General Motors, because the US parent company f 7 Mar 2021 Once it owns GM's Opel and Vauxhall operations, PSA Group will be the second largest manufacturer in Europe, and the company has stated 6 Mar 2017 This morning, General Motors confirmed that it has sold both its Opel/Vauxhall subsidiary and its European financial arm to Paris-based PSA for 6 Mar 2017 General Motors has agreed to sell its European business to PSA, which will become Europe's second-biggest car maker in terms of sales.

The deal will total $2.3 billion (2.2 billion euros) and consist of GM's sales General Motors and French automaker PSA Group on Tuesday announced the completion of the sale of Opel. Its acquisition of Opel means PSA Group is second only to the Volkswagen Group for size among GM closes sale of Opel/Vauxhall to Groupe PSA PR Newswire DETROIT, Aug. 1, 2017 DETROIT, Aug. 1, 2017 /PRNewswire/ -- General Motors Co. (NYSE: GM) and Groupe PSA (Paris: UG) today announced the GM to sell Opel, Vauxhall to PSA Groupe for $2.2 billion GM's decision to exit Europe definitively sends GM into new direction as the automaker sets its sights more squarely on North America, Asia General Motors is selling Opel, its European division, to the PSA Group. The automakers announced the sale on Monday. The deal will total $2.3 billion (2.2 billion euros) and consist of GM's sales Opel has confirmed that General Motors (GM) could complete the sale of its European operations to PSA Group (Peugeot Citroën) as early as 31 July. The early date has been realised following GM resolving a key confrontation with unions after it formally agreed to protect factory jobs, signing binding contracts last week.

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Bien qu'elle soit issue de l'ère GM, l'Insignia devrait rester au catalogue d'Opel encore ont vendu 67'424 Insignia en Europe 6 Mar 2017 today announced an agreement under which GM's Opel/Vauxhall With sales and revenue of €54 billion in 2016, PSA Group designs unique 5 Sep 2019 MORE Holden owners GM to leave Australia? In 2017 MORE More opportunities for Holden after Opel sale. “The details I don't have, but it's 6 Mar 2017 This morning, General Motors confirmed that it has sold both its Opel/Vauxhall subsidiary and its European financial arm to Paris-based PSA for 24 Jul 2018 PSA CEO Carlos Tavares and his GM counterpart Mary Barra celebrated the sale of Opel.

11 Apr 2017 PSA, which makes Peugeot, Citroen and DS-brand cars, is buying both GM's Opel and its U.K.-based Vauxhall operations for a seemingly

When PSA Group agreed to buy Opel from General Motors last March, with the value of the transaction set Last year, Volkswagen nabbed the global sales title, GM sinking to third, though it still managed to sell 10 million vehicles worldwide. (To see the latest efforts by PSA, Click Here.) Losing Opel and Vauxhall would shave 1 million vehicles a year from that figure and GM would slip to at least fourth, behind the Renault-Nissan Alliance. Moving faster than many expected, GM has completed the sale of its money-losing European operations to PSA Group, the French automaker’s chairman hailing “the birth of a true European champion today.” GM becomes a smaller company and PSA now has to figure out how to reverse 18 years of losses -- but ties between the companies will continue for years, reports TheDetroitBureau.com.

The automakers announced the sale on Monday.
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2017-03-06 2017-11-10 PSA believes GM misrepresented Opel's CO2 challenges and emissions trajectory during negotiations and due diligence prior to the March acquisition deal and its formal closing on July 31. General Motors Sells Opel, Vauxhall to PSA for $2.3 Billion. The sale of Opel seals General Motors' exit from Europe.

The sale represents a win for all stakeholders and is the latest and most significant in a series of actions GM has taken to strengthen its global enterprise and position itself for the future, while immediately 2017-03-04 Following its bankruptcy late last decade, GM came close to selling Opel, which it has owned since 1931.Instead, the automaker in 2012 started collaborating with PSA on a number of projects and at 2017-03-06 2021-02-01 GM Expecting Letter of Intent Regarding Opel Sale Soon General Motors is reportedly expecting to receive a letter of intent from French automaker PSA soon regarding their purchase of Opel. This news comes appropriately quick after news first broke of acquisition talks between GM and PSA last week.
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General Motors is selling Opel, its European division, to the PSA Group. The automakers announced the sale on Monday. The deal will total $2.3 billion (2.2 billion euros) and consist of GM's sales

2017-03-06 Opel, the European arm of General Motors , said its sale to France's PSA Group could be completed as early as July 31, pending regulatory approval from antitrust authorities. GM Sells Opel and Vauxhall to PSA For $2.3 Billion Peugeot and Citroen's parent group acquires GM's British and German brands to become Europe's second-largest automaker. By Máté Petrány 2017-08-01 At the same time, GM said it will have to take a primarily non-cash special charge of $4 billion to $4.5 billion in connection with the sale. GM said it will pay PSA 3 billion euros ($3.18 billion In accordance with the sale, which was first announced in March, PSA paid $1.53 billion for the Opel and Vauxhall brands and $1.06 billion for the European division of the GM Financial lending unit.

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PSA CEO Carlos Tavares is looking to find €1.7 billion in synergies between PSA and Opel by 2026 to bring Opel sustainably into the black and make the deal work. To sell its European operations, GM has created the new company Opel Automobile GmbH, which will be sold to PSA.

Sale of Opel/Vauxhall to PSA Group for ~$2.2B Builds on success of prior alliance Collaboration between GM and PSA Group to continue Allows GM to focus resources on higher-return opportunities Accelerates returns to owners General Motors is selling Opel, its European division, to the PSA Group. The automakers announced the sale on Monday. The deal will total $2.3 billion (2.2 billion euros) and consist of GM's sales Holden has released a statement on the sale of Opel and Vauxhall from General Motors to PSA Group, stating it will not affect Commodore and Astra.