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
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.
The really new GM: Ready to quit EuropeMon, 20, Feb 2017
GM's proposed departure from Europe would be a radical pivot for a company that historically tried to dominate every global market it could, as well as a sign of how dramatically the industry is being upended by shifting attitudes about transportation.
Once upon a time, Opel was GM's little engine that couldSun, 19, Feb 2017
Europe has been a drain on General Motors for a long time, but Opel did have its glory days and at least once helped keep GM afloat. Automotive News Print Editor RIck Johnson was there when it happened.
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.
Buick relying less on Opel, more on ChinaMon, 20, Feb 2017
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.