Opel takeover by PSA?

Paris/Detroit, 14 February 2017

The French PSA group, which includes Peugeot and Citroën DS, is considering the purchase of Opel and the British subsidiary Vauxhall. The PSA group and Opel's parent company General now to confirm this engine. Previously, including the online edition of the Sueddeutsche Zeitung had reported about exploratory talks.

Old sales records no longer reaches

PSA and the General Motors subsidiary had formed an Alliance for 2012. So, the Peugeot 3008 and the Opel Grand country X, as well as the Peugeot 2008 and the Opel cross country based X each on the same basis. Opel writes red numbers for some years. Last of the American parent company had invested in the year 2013 four billion euros in Opel and Vauxhall. This made possible models such as the mocha, Adam and the cascada. In sales in Germany, which brought only modest progress. Although the was bottoming soon by 2013 (207,000 sold cars in Germany), and 2016 again over 243.000 new registrations could be reported. On the old record of sales in 1996 were over 550,000 vehicles sold in Germany Opel is by far no longer came.

Losses already for a long time

Opel also writes only red ink for years. Recently, General Motors Europe had reported a loss of $0.3 billion in 2016. This was justified with the Brexit and the subsequent weakness of the British pound against the U.S. dollar. Problems would probably also 2017 on the result, it was said. One wool overcome this headwind but by new models such as the fresh generation of insignia, the Ampera-e, as well as cross country X and Grand country X. Now, GM apparently but pulling the emergency brake and wants to get rid of the charm of loss of. The exchanges to find apparently well: both moved the price of GM and the PSA after the press releases. According to PSA, a takeover of Opel and Vauxhall is however by no means a done deal. It is so exciting. (sl)