New owners for Vauxhall Opel? | Industry - Car News Feb 2017

INDUSTRY

15:24 Wednesday 15 Feb 2017

Vauxhall could have new owners if General Motors goes ahead with plans to offload its loss-making European operations.

A statement released today by PSA Group – owners of the Peugeot, Citroen, and DS brands – said the company “is exploring numerous strategic initiatives aiming at improving its profitability and operational efficiency, including a potential acquisition of Opel”. PSA Group has a history of co-operation with General Motors, who manufacturer vehicles in Europe under the Opel and Vauxhall banners.

In their statement, PSA Group stressed that there could be no assurance that an agreement would be reached, and no details were included as to the potential effect on Vauxhall operations in the UK.

 

Carfinance247 banner


Click here to sign up for our monthly newsletter



Popular news stories

 
Hubcap animal sculptures
The new Porsche 911 GT3 RS unveiled
Audi R8 prices revealed   The new Lotus Evora 400

Hubcap animal sculptures

 

Reid: TopGear like a war

 

Audi R8 prices revealed

 

The new Lotus Evora 400


Comments
Advanced Search
INDUSTRY
JLR reaffirmed its commitment to the UK by starting work on a £200 million expansion.
INDUSTRY
Jaguar Land Rover registered a vehicle every 30 seconds in March, a record breaking month.
INDUSTRY
SMMT figures showed MG sales were up 30% in March compared to the same month in 2016.
INDUSTRY
New figures released by Nissan show last year was it most successful ever for European sales.
INDUSTRY
Volvo announce China base for the production of new electric car at Shanghai Auto Show.
INDUSTRY
Ford announce project designed to help cities meet cleaner air target by trialling plug-in Transits.