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.
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.