The EU's new car sales are expected rise just 1 percent in 2018, industry body ACEA said, warning that stricter rules on emissions and Brexit were a threat to the industry. Last year, registrations in the EU increased 3.4 percent, reaching more than 15 million vehicles for the first time since 2007.
Scale only gets you so much, says PSA's chief: more purchasing power in dealing with suppliers and higher volume on which to amortize new product and technology investments. Beyond that, it could just as well be a liability.
PSA CEO Carlos Tavares said he planned to meet next week with UK unions and government officials to discuss the future of the automaker's Vauxhall plant in Ellesmere Port. Separately, Tavares said he is open to a potential alliance in Latin America.
The latest issue of the Automotive News Europe monthly magazine is ready to view. The new edition looks why what makes Lamborghini so bullish about its first SUV, a product that marks a big shift for a company best known for building two-seat supercars.
Opel faced a number of restrictions under GM ownership that covered areas such as where it could build and even sell its cars. Now, under PSA control, the money-losing German carmaker believes it will finally thrive.
Opel's plan to return to profit has similar goals to PSA's recovery road map. But Opel may have a hard time bouncing back as it faces weak demand in key markets and the high costs of funding new technologies.
PSA CEO Carlos Tavares defended the Vauxhall brand against suggestions that it should be axed but said the UK factories acquired by PSA as part of its deal for GM's European operations need to make a leap in competitiveness to offset the potential risks posed by Brexit.
Opel teased a new SUV that will go into production in 2019 with seven-seat and plug-in hybrid variants. The model will join the Crossland X and Grandland X in the automaker's SUV/crossover lineup as parent PSA moves to underpin all Opel vehicles with its platforms.
PSA CEO Carlos Tavares said European policymakers were responsible for the fate of 800 jobs at Opel's engine testing facility in Germany, given that a regulatory push to promote EVs could lead to sweeping job losses.