PSA seeks up to $2.1 billion savings from Opel deal, report saysWed, 22, Feb 2017
PSA Group expects its planned acquisition of GM's Opel/Vauxhall division to lead to combined sales of 5 million vehicles by 2022 and save as much as 2 billion euros ($2.1 billion) annually, as talks advance towards a likely deal in early March, sources told Reuters.
PSA says it will honor existing Opel job guaranteesTue, 21, Feb 2017
PSA Group told German Chancellor Angela Merkel that it would uphold Opel and Vauxhall job guarantees if it buys GM's European arm, though some analysts say thousands of job losses are likely eventually.
PSA may vow to maintain Opel sites; deal likely by March 9Sun, 19, Feb 2017
PSA CEO Carlos Tavares will meet with UK and France government leaders this week to discuss the potential purchase of GM's Opel and Vauxhall brands. To win support for the takeover, PSA will pledge to maintain Opel's independence, honor existing collective labor agreements and continue to invest in all four of its German sites until at least 2020, a report said.
PSA's takeover plan has analysts puzzledMon, 20, Feb 2017
Carlos Tavares, PSA Group's energetic CEO, made a promise when he took over the struggling French automaker in 2014: Let us fix the business, then we can look to forge partnerships that foster our growth. He's done the first part.
GM, PSA said to value Opel at $2 billion as talks advanceFri, 17, Feb 2017
PSA already got its hands on a classicMon, 20, Feb 2017
Once Buick's lifeline, Opel isn't so crucial anymoreFri, 17, Feb 2017
PSA will be allowed to license GM's EV technology, report saysFri, 17, Feb 2017
Vauxhall future uncertain after GM-PSA deal and Brexit voteFri, 17, Feb 2017
PSA wishes to build on GM's Vauxhall success, UK gov't saysFri, 17, Feb 2017
PSA has told the UK government it would seek to build on the strengths of General Motors' Vauxhall business if the company buys it. However two sources close to PSA told Reuters that plant cuts were part of the company's discussions to buy GM's Opel and Vauxhall brands, with UK sites in the front line.
GM assurances result in German minister backing PSA-Opel dealThu, 16, Feb 2017
Germany expects PSA Group's proposed acquisition of General Motors' Opel business to go ahead, a minister said on Thursday, after the U.S. carmaker sought to allay fears of large-scale plant closures.
PSA intends to keep Opel as a German brand, reports sayThu, 16, Feb 2017
PSA Group CEO Carlos Tavares intends to keep Opel as a German company if the French automaker acquires the brand from GM, reports said. Tavares also is open to maintaining Opel's current management structure, the reports said.