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Tag Archives: opel/vauxhall
General Motors Closes Deal on Selling Opel/Vauxhall
This ends almost 100 years of GM in Europe, leaving only the slow expansion of the Cadillac brand, and the sale – it’s more like a hobby than a business – of niche vehicles, the Chevrolet Camaro and Corvette, both imports, as GM’s only presence in the world’s third largest vehicle market. GM’s Lyft and Maven will eventually appear in Europe, AutoInformed opines. Continue reading
Posted in economy, financial results, news analysis
Tagged autoinformed.com, Groupe PSA, Ken Zino, opel/vauxhall
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General Motors Sells Opel/Vauxhall to PSA Group for €2.2B
The deal includes all of Opel/Vauxhall’s automotive operations, comprising Opel and Vauxhall brands, six assembly and five component manufacturing facilities, one engineering center (Rüsselsheim, Deutschland) and approximately 40,000 employees. GM will retain the engineering center in Torino, Italy. Continue reading
General Motors to Sell Opel/Vauxhall and Leave Europe?
If the PSA deal goes through, it would mean GM’s presence in Europe would be limited to niche sales of Cadillac, and Chevrolet Camaro and Corvette models – all of them exports. Continue reading
Posted in auto news, economy, milestones, news analysis
Tagged autoinformed, autoinformed.com, eu, European Parliament, gm europe, Ken Zino, Opel Vauxhall, opel/vauxhall, PSA
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GM Europe President Nick Reilly Retires in March 2012. Karl Stracke Assumes Role in January; Remains Opel/Vauxhall CEO
The moves come as the economy of Europe remains battered, with auto sales on track to decline for the fourth straight year. During the first nine months of 2011, only 10,121,423 new cars were registered in the region, or 1.1% less than in the same period a year ago. Fiat, the owner of Chrysler, Ford and General Motors are all struggling to keep their European operations viable as all are losing market share. Results at Opel/Vauxhall and GM Europe are central to GM’s financial success, of course. Continue reading
Posted in auto news, news, people
Tagged auto informed, auto news, autoinformed, autoinformed.com, automotive news, gm europe, karl stracke, Ken Zino, nick reilly, opel, opel/vauxhall, zino
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