PSA to buy GM's Opel - Page 3 - Ford Inside News Community
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post #21 of 27 (permalink) Old 02-15-2017, 11:07 PM
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Re: the REAL reason GM wants to dump Opel ...lousy 'landlord'...

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Originally Posted by 2b2 View Post
Possible French Takeover of Opel Ruffles German Feathers
GMi

by Steph Willems - February 15, 2017


...Opel operates three factories on German soil, and regardless of who owns Opel in the future, the country wants those plants to stay put.

German Economy Minister Brigitte Zypries was particularly steamed, calling it “unacceptable” that GM discussed selling its European subsidiary without contacting the German government and local players.

“The company carries responsibility for the sites, the development center and the securing of employment,” she said today. “This is my clear expectation regarding General Motors.”

Opel’s works council and the powerful IG Metall labor union blasted GM over the talks. The two groups issued a joint statement, claiming that discussions with PSA held without their permission amounted to “an unprecedented violation of all German and European co-determination rights.”...

- - - - - - -
&
happened upon Australia's top 10s, Mfgs/models, for January = attached
still need to find out if Holden sells anywhere ELSE?
Did you put that pic upside-down cause Australia?
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post #22 of 27 (permalink) Old 02-15-2017, 11:52 PM
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Re: PSA to buy GM's Opel


just checking if anyone's paying attention


btw @Andrew L
started reading Opel @ wiki due to your post at AV
& cuz it occurred to me (finally sunk in) GM bought Opel just *before* WWII
...shortly After they bought Vauxhall (wiki)

- - - - - -

other side
...posting in full out of spite for their only letting you see ONE article per day without subscribing...
PSA's Tavares shifts to expansion mode with eye on Opel deal
AutomotiveNews/Bloomberg/Reuters

Ania Nussbaum - February 15, 2017 - UPDATED: Feb 15 11:35 CET - adds Tavares may meet Merkel


PARIS -- The auto racer leading PSA Group is entering the passing lane.

CEO Carlos Tavares is exploring an acquisition of General Motors' European operations, a step that would vault the builder of Peugeot and Citroen cars past Renault into the No. 2 spot among the region's automakers, behind Volkswagen Group.

The takeover would mark Tavares' biggest expansion after years of restructuring that included shutting a plant and freezing pay.
While those moves helped him reach earnings goals ahead of schedule, he is now looking to grow. A deal also would help him emerge from the shadow of the better-known Carlos in the car industry, Renault-Nissan CEO Carlos Ghosn, for whom Tavares worked before leaving in 2013.

"Tavares would be targeting economies of scale, more consolidation in the small-car market, access to key platforms and even new GM technologies," said Vishwas Shankar, a Detroit-based research manager at Frost & Sullivan. "He would also be looking to boost the image of PSA."

Investors embraced the news, lifting PSA shares 4.3 percent, even as some analysts questioned the logic of doubling down in Europe's mature car market. Tavares, a native of Portugal, may be getting the benefit of the doubt from shareholders because he has given them something to cheer about since taking over at the start of 2014. In that stretch, PSA shares climbed 140 percent, compared with a 66 percent gain at Renault and a 20 percent slump at VW.

Tavares declined to comment for this article.

A PSA spokesman said Tavares plans to meet senior German officials in the near future to discuss the possible acquisition Opel. Tavares "intends to meet with Opel's stakeholders in Germany," the spokesman said on Wednesday, without giving any timetable for the talks. Tavares may meet German Chancellor Angela Merkel as part of those discussions, he said.

The French carmaker and GM are discussing numerous strategic initiatives, including the possible sale of Opel to PSA, the companies said on Tuesday, adding there is no assurance an agreement will be reached. The U.S. manufacturer is seeking a multi-billion dollar amount for Opel, which also operates UK sister brand Vauxhall, according to a person familiar with the matter.

Tavares, 57, has never hidden his ambitions. While serving as Ghosn's right-hand man, he told Bloomberg that since he couldn't get the top job at Renault, he wanted to run GM or Ford Motor instead. Two weeks later, Tavares stepped down after more than 30 years at Renault, where he started as a test-driving engineer. A few months later, he joined PSA, which was staggering after the sovereign-debt crisis hit car sales in Europe.

Many at PSA welcomed Tavares as a real car guy, contrary to his predecessor Philippe Varin, who hadn't worked in the industry before joining Peugeot. Tavares has a racing team named after his daughter Clementine, one of his three children, and participates in the storied Monte Carlo classic car rally each year in a vintage Peugeot. At PSA, he built a reputation as a cost cutter, like Ghosn, and as a meticulous professional.

'Unresolved issues'
"If I have only one thing to say to define Carlos, it's the cult of performance," said Franck Don, a representative for the CFTC union at the automaker. "That’s what he taught PSA."

While that helped bring the company back from the edge, it didn't prevent Renault from overtaking PSA as Europe's second biggest carmaker last year. PSA's global deliveries were 3.15 million vehicles in 2016, compared with 3.18 million at Renault and more than 10 million at Volkswagen. In April, Tavares said it was time for PSA to move beyond the revamp and into growth mode.

PSA accelerated its expansion abroad. This included a new plant in China with Dongfeng Motor Group, which acquired a 13 percent stake in the carmaker as part of a bailout with the French state in 2013, and an agreement with an Indian industrial group to build and sell cars in that country. He also plotted a comeback to the U.S., starting by offering car-sharing services.

Tavares could apply his "recent track record on price discipline" to Opel's operations, Goldman Sachs analysts wrote in a note. Opel isn't profitable, even after years of squeezing out costs and upgrading its lineup.

The acquisition also could help PSA make up for lost ground on research and development spending, where it's lagged behind rivals in recent years.

"There are some unresolved issues," said Bertrand Rakoto, an independent automotive analyst based in Detroit, "mainly its weak investment capacity."
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post #23 of 27 (permalink) Old 02-16-2017, 06:09 AM
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Re: PSA to buy GM's Opel

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Originally Posted by 2b2 View Post
@Nitro
do you know if/how Peugeot sells in Australia? & Does Holden sell anywhere ELSE?

wondering if the Peugeot Group would want to include Holden in the deal?
(OR... if GM might?)
Aussie 2016 vehicle sales http://www.caradvice.com.au/511197/2...sers-detailed/

I know Holden used to export to Middle East & South Africa. Not sure what Holden is doing now.
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post #24 of 27 (permalink) Old 02-16-2017, 07:44 AM
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Re: PSA to buy GM's Opel

Does New Zealand count as it's own market or Australia as well cause I am pretty sure Holden is sold there too.

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post #25 of 27 (permalink) Old 02-16-2017, 10:05 PM
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post #26 of 27 (permalink) Old 02-17-2017, 10:08 PM
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Re: PSA to buy GM's Opel

just/mainly posting for the FB title:
"Our priorities for the brand haven't changed since Monday."
‘Business As Usual’ As Buick About to Reveal Two Products Amidst Opel-PSA Talks

The Truth About Cars

By Mark Stevenson on February 15, 2017


...What is business as usual?

Regardless of an Opel-PSA deal, one debut from Buick will remain unaffected: the next-generation Buick Enclave. While GM has updated all the Enclave’s platform mates in recent months, Buick’s entry has yet to show its sheetmetal to the public, and that reveal is likely safe thanks to its local production and its separation from Opel. The three-row Enclave is rumored to get a New York reveal in April.

The situation is different for the Buick Regal.

While its reveal, similarly rumored for New York, won’t likely be threatened by a purchase of Opel by PSA, it’s been long assumed GM would move Regal production to Germany and away from its Oshawa plant. Should a deal go through, Oshawa still may not be able to keep the model, as Regal production could join Malibu at GM’s Fairfax Assembly facility in Kansas City, Missouri.

And that’s assuming GM bothers...
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post #27 of 27 (permalink) Old Yesterday, 03:49 PM
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Re: PSA to buy GM's Opel

just glanced at...

Why leave Europe's car market? So many reasons
Crowded market, regulations make for brutal competition
AutomotiveNews

Christiaan Hetzner - February 18, 2017



Once Buick's lifeline, Opel isn't so crucial anymore
AutomotiveNews

Michael Wayland - February 17, 2017

...Dave Sullivan, an analyst with AutoPacific Inc., doesn’t believe Buick would be impacted heavily if the sale goes through, as the brand’s focus has shifted to China.
“I don’t think we’re going to feel it here in the U.S. in terms of product life cycles because I think China has taken the lead on Buick development,” Sullivan said...
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