Mergers - Acquisitions - Takeovers
Ford found a recipe for profits in EuropeMon, 20, Feb 2017
General Motors hasn't made money in Europe since Bill Clinton was president. If the world's third-largest auto-maker fails to unload its Opel European division on PSA Group, it could look to its crosstown rival in Dearborn, Mich., for an example of how to right the ship.
In pursuit of Takata, Key Safety roarsMon, 20, Feb 2017
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.
Could FCA look better to GM after Opel deal?Mon, 20, Feb 2017
Now that General Motors is potentially selling off its European brand Opel to PSA, there is one way the automaker could stay in Europe and remain profitable: by finally taking up FCA CEO Sergio Marchionne's offer to merge.
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's European slogMon, 20, Feb 2017
Since General Motors' decision to keep the Opel division following its 2009 bankruptcy, the company has had a revolving door of executives and a tough time finding traction in the crowded European market.
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.