PSA

PSA says it will honor existing Opel job guarantees

Feb. 21, 2017 11:19 CET

PSA Group told German Chancellor Angela Merkel that it would uphold Opel and Vauxhall job guarantees if it buys the GM's European arm, though some analysts say thousands of job losses are likely eventually.... Read More »

RICHARD JOHNSON

BLOG: Once upon a time, Opel was GM's little engine that could

12:01 am U.S. ET | Feb. 20, 2017

Europe has been a drain on General Motors for a long time, but Opel did have its glory days and at least once helped keep GM afloat. Automotive News Print Editor RIck Johnson was there when it happened.... Read More »

NEWS ANALYSIS

What's in it for PSA? Analysts aren't sure.

12:01 am U.S. ET | Feb. 20, 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.... Read More »

PSA already got its hands on a classic

12:01 am U.S. ET | Feb. 20, 2017

While PSA Group is talking to General Motors about acquiring Opel, it already has bought one stately brand this year - in India.... Read More »

PSA may vow to maintain Opel sites as CEO Tavares tours for support

Feb. 19, 2017 14:15 CET

PSA CEO Carlos Tavares will meet with UK Prime Minster Theresa May, as well as French officials, 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 and continue to invest in its German plants until at least 2020, a report said.... Read More »

PSA's Tavares will meet British PM about planned Vauxhall takeover

Feb. 18, 2017 14:08 CET

PSA Group CEO Carlos Tavares will meet British Prime Minister Theresa May to discuss the automaker's planned acquisition of Opel and Vauxhall. Vauxhall plants in the UK are at risk if the takeover goes ahead and Britain has offered PSA assurances on post-Brexit trade and supply chains in a bid to protect the factories, the Financial Times reported.... Read More »

GM-PSA TALKS

Opel CEO sees PSA takeover as creating 'European champion,' paper says

Feb. 17, 2017 17:11 CET

A takeover of GM's European arm, Opel, by PSA would make sense from an industrial point of view, a German newspaper reported, citing comments by Opel CEO Karl-Thomas Neumann in a letter to employees.... Read More »

GM-PSA TALKS

GM, PSA said to value Opel at $2 billion as talks advance

Feb. 17, 2017 18:42 CET

GM and PSA are discussing a valuation for GM's Opel unit of about $2 billion as the automakers push to reach an agreement as soon as the end of next week, sources told Bloomberg.... Read More »

VIDEO: AutoNews Now: Ford's self-driving wake-up call

3:30 pm U.S. ET | Feb. 17, 2017

Dozing engineers give Ford wake-up call on self-driving cars; Loan delinquencies up; 'Kill switch' probe; PSA to get Opel EV tech?; Subaru's classic ads; Tesla driver's sacrifice.... Read More »

Once Buick's lifeline, Opel isn't so crucial anymore

2:03 pm U.S. ET | Feb. 17, 2017

GM has already gotten more out of Opel for Buick than many ever would have imagined eight years ago -- the last time the automaker nearly sold the German carmaker.... Read More »

GM-PSA TALKS

PSA's bid for Opel offers chance to thrive in tough Europe

Feb. 17, 2017 15:06 CET

PSA's bid to create a European auto giant by acquiring GM's European unit may be the best chance Peugeot, Citroen and Opel have to thrive as high-volume, low-margin manufacturers.... Read More »

GM-PSA TALKS

PSA will be allowed to license GM's EV technology, report says

Feb. 17, 2017 12:36 CET

General Motors will make its electric-car technology available to PSA if a deal to sell GM's Opel/Vauxhall business to the French automaker goes through, a German magazine reported.... Read More »

VIDEO: First Shift: UAW plans 'Buy American' ad push

8:00 am U.S. ET | Feb. 17, 2017

UAW plans 'Buy American' ad push; At AN Canada Congress: Magna CEO on danger of not keeping NAFTA, Aston chief warns of business shift to China, Korea; Assuring Opel's independence.... Read More »

GM-PSA TALKS

PSA wishes to build on Vauxhall's success, UK gov't says

Feb. 17, 2017 09:22 CET

PSA has told the UK government it would seek to build on the strengths of the 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.... Read More »

GM-PSA TALKS

France pledges daily contacts with UK, Germany on PSA-Opel deal

Feb. 17, 2017 12:15 CET

France says it will evaluate the proposed sale of General Motors' Opel division to PSA in close daily consultation with the German and UK governments after saying it too learned of the announcement in the press.... Read More »

GM-PSA TALKS

Vauxhall future uncertain after GM-PSA deal and Brexit vote

Feb. 17, 2017 10:56 CET

Less than 12 months after the UK's vote to leave the EU, Vauxhall's future is uncertain as GM mulls the sale of its European arm to PSA -- a move that may have been triggered by the Brexit vote.... Read More »

GM-PSA TALKS

Germany expects PSA-Opel deal to go through

Feb. 16, 2017 18:27 CET

Germany expects PSA Group's proposed acquisition of GM's Opel/Vauxhall business to go ahead. Politicians welcomed the creation of a potential "European champion."... Read More »

GM tries to reassure UK, Germany over PSA-Opel talks

Feb. 16, 2017 18:43 CET

GM played down the possibility of large-scale factory closures in Germany and Britain following any deal to sell its European brands to PSA, according to officials in both countries. However, PSA sources said plant closures were part of the automaker's discussions to buy GM's Opel and Vauxhall brands, with UK sites in the front line.... Read More »

GM will not "rationalize" Vauxhall plants, UK minister says

Feb. 16, 2017 16:11 CET

British business minister Greg Clark said he had been reassured by GM that the automaker did not intend to "rationalize" its Vauxhall operations. Clark made the comments after meeting with GM to discuss its plan to sell Opel/Vauxhall to PSA Group.... Read More »

GM assurances result in German minister backing PSA-Opel deal

3:50 pm U.S. ET | Feb. 16, 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.... Read More »

PSA intends to keep Opel as a German brand, reports say

Feb. 16, 2017 09:22 CET

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.... Read More »

PSA buys Ambassador nameplate to win in India

Feb. 16, 2017 10:56 CET

PSA has bought the rights to the Ambassador nameplate as part of its plan to return to India after a 20-year absence and win over local car buyers who are unfamiliar with the Peugeot marque. The Ambassador brand is best known for the Hindustan sedan, arguably India's most famous vehicle.... Read More »

Opel, PSA lag rivals as Europe sales rise 10% in January

Feb. 16, 2017 09:45 CET

Opel and PSA posted weaker European sales in January than their rivals amid discussions of a possible purchase of the GM unit by the French automaker. Europe registrations rose 10 percent last month, driven by extra selling days and robust demand in nearly all of the region's key markets.... Read More »

GM, PSA bosses defend Opel deal under political fire

Feb. 15, 2017 13:36 CET

GM and PSA mobilized their CEOs to defend PSA's planned acquisition of GM's Opel against a German-led backlash that could derail the deal even before its terms are finalized.... Read More »

VIDEO: AutoNews Now: What suppliers want from Trump

3:15 pm U.S. ET | Feb. 15, 2017

What suppliers want from Trump; Plug-in to outpace original Prius?; Barra: PSA purchase of Opel, Vauxhall mutually beneficial; Hyundai teases '18 Accent; Lambo recalls $4M car.... Read More »

 
Once upon a time, Opel was GM's little engine that could

Richard Johnson
12:01 am U.S. ET | Feb. 20 2017

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Europe has been a drain on General Motors for a long time, but Opel did have its glory days and at least once helped keep GM afloat. ...
 Read More ›

Will cockpits of tomorrow require one-stop suppliers?


12:01 am U.S. ET | Feb. 17 2017

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As automakers consider how to build self-driving vehicles, seat suppliers are reconsidering an old i ...
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How sour dealer relations wreaked havoc on Audi's China sales

Yang Jian
3:48 am U.S. ET | Feb. 17 2017

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Audi has lost its premium sales lead in China as the brand was finally overtaken last month by rival ...
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GM-PSA deal would be a blow to best Opel management team in years

Christiaan Hetzner
11:19 am U.S. ET | Feb. 14 2017

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GM's confirmation that it is discussing selling its Opel/Vauxhall business to PSA Group is a blow fo ...
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Renault starts to reflect its multifaceted boss

Luca Ciferri
9:27 am U.S. ET | Feb. 10 2017

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Renault is starting to look and act a lot like its multifaceted, multinational boss, Carlos Ghosn. ...
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The Volvo numbers that stood out

Douglas A. Bolduc
6:29 am U.S. ET | Feb. 8 2017

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Volvo's latest financial results were full of positive numbers but a couple really stood out. Volvo finished 2016 with $5. ...
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Daimler celebrations are muted as automaker conserves cash to fight off Uber, Google

Christiaan Hetzner
12:01 am U.S. ET | Feb. 3 2017

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Record annual sales, revenue and profits, and Mercedes-Benz grabbing the global sales luxury crown f ...
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German automakers worry about Trump's protectionist stance

Christiaan Hetzner
8:53 am U.S. ET | Feb. 2 2017

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Donald Trump has German automakers spooked after he threatened BMW with high tariffs if the company ...
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Toyota still has global bragging rights over VW in one important area

Hans Greimel
12:01 am U.S. ET | Feb. 2 2017

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Forget all the talk about Volkswagen ousting Toyota as the world's biggest automaker. Rest assured, Toyota is still No. 1 in sales and VW a far, far distant second. ...
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Citroen keeps faith in family vans

Bruce Gain
12:01 am U.S. ET | Feb. 2 2017

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Citroen CEO Linda Jackson says family vans will continue to play a part in Citroen's lineup despite ...
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Newsletters & Alerts
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Opel, PSA lag rivals as Europe sales rise 10% in January
GM's Opel brand and PSA posted weaker European sales in January than their rivals amid discussions o ...
 Read More ›
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Opel, PSA lag rivals as Europe sales rise 10% in January
Opel and PSA posted weaker European sales in January than their rivals amid discussions of a possibl ...
 Read More ›
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Irish new-car sales fall in January as Brexit bites
New-car sales in Ireland fell nearly 2 percent in January as the British pound's sharp decline after ...
 Read More ›
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EU car sales growth expected to slow to 1%, ACEA says
Car sales in the EU are expected to grow by about 1 percent in 2017, a sharp slowdown from last year ...
 Read More ›
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Russia slump forecast to end; rapid recovery unlikely
After a four-year drop, Russia's car market looks to have bottomed out, leaving manufacturers optimi ...
 Read More ›
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Western European car sales rise 10% in January
Western European car sales rose 9.5 percent in January on buoyant demand in Germany, France, Italy a ...
 Read More ›
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UK sales rise 3% in Jan. on consumer demand
UK new-car registrations rose 3 percent in January, helped by the first increase in demand from priv ...
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Jaguar, Honda, Jeep win by tapping crossover craze
Jaguar, Honda and Jeep were the biggest winners last year among brands sold in Europe, where overall ...
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German sales rise 11% with strong gains for Toyota, Skoda, Renault and Fiat
Registrations in Germany increased by 11 percent in January, with brands including Toyota, Skoda, Re ...
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Italy's January sales best since 2010
New-car sales in Italy increased by 10 percent in January for the best monthly result since 2010, wi ...
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VW Golf, other volume compacts lose share to premium rivals, SUVs
The VW Golf and Ford Focus compacts are being squeezed as premium competitors such as the Mercedes A ...
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Europe's large premium SUV segment heads for record year
Europe's large premium SUV segment is on track for a record year, helped by rising sales of models s ...
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Audi, Mercedes push key segment toward milestone
Audi, BMW and Mercedes-Benz are largely responsible for the growing success of the compact premium s ...
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Audi, BMW, Jaguar give midsize premium segment a lift
Europe's midsize premium segment grew at a near double-digit pace in the first half on new models fr ...
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Skoda, Renault, Toyota benefit from higher sales of midsize cars in Europe
Europe's midsize segment is on track for a second year of rising sales as new models from Skoda, Ren ...
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Federal-Mogul shakes up leadership under Icahn takeover
Federal-Mogul Holdings named Bradley Norton as the new co-CEO and CEO of the supplier's motor parts division. ...
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Bernhard quits Daimler; Zetsche interim trucks boss
Daimler has confirmed that trucks chief Wolfgang Bernhard, a top manager once seen as a successor to ...
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BMW picks Skoda exec to lead design at core brand
BMW has picked Skoda executive Jozef Kaban to lead design at its namesake brand, a move that fills t ...
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BMW names new CEO for North America
BMW named Bernhard Kuhnt to become CEO of BMW of North America. Ludwig Willisch, who previously held ...
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Tesla sues former head of Autopilot, former Google exec Urmson
Tesla is suing its former head of Autopilot software for stealing company information and recruiting Tesla employees for a competing startup while still employed by the... ...
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Jaguar Land Rover appoints Wittemann as China sales chief
Jaguar Land Rover has assigned Frank Wittemann, chief of its operations in Latin America, to lead it ...
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Ford plucks new brand chief from Apple
Ford has hired former Apple marketing executive Musa Tariq to be vice president and chief brand offi ...
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Volvo appoints Yuan Xiaolin as new Asia chief
Volvo named Yuan Xiaolin to succeed Lars Danielson as senior vice president of the company's Asia-Pa ...
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Uber hires Google veteran Singhal to aid self-driving engineering
Ride-hailing company Uber said it hired the man behind Google search to work closely with CEO Travis ...
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Former Nissan, Hyundai exec Rushforth joins Lookers
Former Nissan global sales chief and Hyundai Europe chief operating officer Allan Rushforth has join ...
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Hyundai gives i30 a tech boost
The Hyundai i30's success has been important in boosting the brand's European growth in the past 10 ...
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Toyota gets quirky with C-HR to 'turn heads'
Toyota is a latecomer to Europe's crossover segment with the new C-HR. ...
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Better-connected 5 series gets tech from BMW flagship
BMW has made its 5 series lighter, more economical and fully connected with advanced technology firs ...
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Smart improves ForTwo, ForFour EV variants with Renault tech
Smart has improved its EV technology for the battery-powered versions of its ForTwo and ForFour with ...
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Audi makes Q5 a tougher rival for Mercedes GLC, Porsche Macan
Audi has developed the second-generation Q5 to have the driving dynamics of the Porsche Macan and a ...
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Audi makes Q5 a tougher rival for Mercedes GLC, Porsche Macan
Audi has developed the second-generation Q5 to have the driving dynamics of the Porsche Macan and a ...
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Peugeot moves upscale with new 3008 SUV
The new Peugeot 3008 has been turned into an SUV from a minivan and has been given significant upgra ...
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Citroen aims C3 at Facebook generation
Citroen is aiming its new C3 firmly at younger, tech-savvy buyers who will appreciate features such ...
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Porsche enhances Panamera's 911-like looks
Porsche is hoping its second-generation Panamera will lure more European customers with the sedan's ...
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Renault keeps the Scenic family friendly
Renault has kept the Scenic’s minivan design in a move that goes against the industry trend of ...
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Suppliers to the new Renault Megane
Assembly of the fourth-generation Renault Megane began in November 2015 at the French automaker's fa ...
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Suppliers to the new Infiniti Q30
Assembly of the all-new Infiniti Q30 began on Daimler's MFA platform in December 2015 at the Nissan' ...
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Suppliers to the new Mercedes C-class Coupe
Assembly of the second-generation Mercedes-Benz C-class Coupe began in Bremen, Germany, in October 2 ...
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Suppliers to the new Opel/Vauxhall Astra
Assembly of the latest Opel/Vauxhall Astra began in Gliwice, Poland, in August 2015 and then in Elle ...
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Suppliers to the new Jaguar F-Pace
Assembly of Jaguar's all-new F-Pace began at parent Jaguar Land Rover's facility at Solihull, Englan ...
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Suppliers to the new Fiat Tipo
Assembly of the new Fiat Tipo began in September 2015 at parent Fiat Chrysler Automobiles' joint ven ...
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