Mergers - Acquisitions - Takeovers
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.
GM, PSA said to value Opel at $2 billion as talks advanceFri, 17, 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
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.
Federal-Mogul shakes up leadership under Icahn takeoverThu, 16, Feb 2017
China buys auto suppliers as Takata deal loomsThu, 16, Feb 2017
Opel, PSA lag rivals as Europe sales rise 10% in JanuaryThu, 16, Feb 2017
GM's Opel brand 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.
GM will not 'rationalize' Vauxhall plants, UK minister saysThu, 16, Feb 2017
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.
GM CEO Barra at Opel HQ for talks with managementWed, 15, Feb 2017
PSA's Tavares shifts to expansion mode with eye on Opel dealWed, 15, Feb 2017
The auto racer leading PSA is entering the passing lane. CEO Carlos Tavares is exploring an acquisition of GM's Opel/Vauxhall European operations. The takeover would help Tavares emerge from the shadow of the better-known Carlos in the car industry, Renault-Nissan CEO Carlos Ghosn.