Key Safety, Takata aim to reach deal by end of March, source saysFri, 24, Feb 2017
GM, PSA haggle over $9 billion pension gap, report saysFri, 24, Feb 2017
GM said to demand non-compete clauses in return for Opel patentsFri, 24, Feb 2017
GM has told PSA it would only sell licenses for the manufacture of Opel cars to the French company if it agreed not to sell them in North America, Russia or China, a German magazine reported. Opel would only be allowed to sell new models in those markets but not existing cars such as electric car Ampera-e.
PSA's Tavares says Opel deal would find 'speedy' savingsThu, 23, Feb 2017
PSA's proposed acquisition of Opel would swiftly create savings and value for both companies, PSA CEO Carlos Tavares said. PSA could attract new customers currently reluctant to buy French cars, while generating savings from shared technical underpinnings, he said.
PSA could sell Opel cars outside of EuropeThu, 23, Feb 2017
VW said to renew India push with Tata alliance talksThu, 23, Feb 2017
VW Group is in advanced talks to team up with Tata Motors as the German automaker takes another stab at India's fast-growing demand for cars, Bloomberg reported. Competition for India's booming market of middle-class drivers is intensifying, with global manufacturers from Fiat Chrysler to PSA expanding in the country.
Interiors supplier AGM being acquired by Flex Ltd.Wed, 22, Feb 2017
PSA seeks up to $2.1 billion savings from Opel deal, report saysWed, 22, Feb 2017
PSA Group expects its planned acquisition of GM's Opel/Vauxhall division to lead to combined sales of 5 million vehicles by 2022 and save as much as 2 billion euros ($2.1 billion) annually, as talks advance towards a likely deal in early March, sources told Reuters.
PSA says it will honor existing Opel job guaranteesTue, 21, Feb 2017
PSA Group told German Chancellor Angela Merkel that it would uphold Opel and Vauxhall job guarantees if it buys GM's European arm, though some analysts say thousands of job losses are likely eventually.
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.