-
Recent Posts
- Friends, Families Can Change Distracted Driving Behaviors
- J.D. Power and Motorq to Monitor EV Battery Health
- Mazda Adding Renewable Solar Power to Japanese Plants
- Kia EV9 Joins the Three-Row SUV Parade
- Fuji Motorsports Forest to Be a New Corporation, Destination
- Seattle Streets Safer Because of Lower Speeds
- Cordless EV w 400 Mile Range – 2023 Toyota Mirai Fuel Cell
- Ford Motor BlueOval City – 6000 Jobs go to Tennessee
- CARB Environmental Justice Advisory Committee Renewed
- NHTSA Prompts Expansion of Hyundai, Kia Fire Recall
- March US Auto Sales Forecast Up. Q1 to Set Spending Record
- Ford Motor New Financial Reporting – Billions in EV Losses
- Gen Six Chevy Camaro Stops Production in January
- Auto Rag Trade – Hyundai Re:Style 2023 Haute Couture
- Stellantis to Spend ~€130M in the Eisenach Assembly for EVs
News from PR Newswire
Recent Comments
- IMSA officials penalize No. 60 Meyer Shank Racing GTP team on IMSA Rolex 24 at Daytona Thrills Largest Crowd in History
- Vanita Gupta on Justice Sues to Block JetBlue’s Purchase of Spirit Airlines
- Avi Mersky on EPA Automotive Trends – 2021 Fuel Economy at Record High. Emissions at Record Low.
- Nissan on new Rogue Ignition Shut-off Recall on Nissan Recalling 690,000 Rogue SUVs for Fires
- IIHS President David Harkey on Another Tesla Self-Driving Recall
Archives
Meta
Tag Archives: psa group
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
GM to Announce Sale of Opel/Vauxhall this Monday with Investors’ Call and a Press Conference
If the 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. PSA is the third largest automaker in Europe behind Renault. Volkswagen Group leads in Europe PSA Group’s sales were 1,930,000 vehicles and increased by 3.6% in 2016. In 2016, global sales increased by 5.8%, to 3,146,000 units. Continue reading
GM Sells Peugeot Shares. Claims Strategic Alliance Lives
As GM was issuing its statement, PSA shares in Paris were sinking after the automaker said more write-downs are coming with perhaps the need to raise more capital. GM has already written of part of its investment in PSA and it is clearly cutting its losses, with another write-down likely to follow in its Q4 results. Peugeot is trading at $15 a share, down from $30 in 2012. Continue reading
Posted in financial results, news analysis, people
Tagged autoinformed, autoinformed.com, GM, Ken Zino, psa group
Leave a comment
No Deal Brexit to Cost UK Auto Sector £9 Billion Per Year
It’s not only angry Trump voters who are self-destructive, the UK under the Brexit fiasco is about to lose £9 Billion a year due to a conservative Republican-like temper tantrum that will materially hurt middle class workers, as well as society as a whole. Continue reading →