GM in Vauxhall 'sale' talks with PSA 14 | 02 | 2017
TALKS BETWEEN GENERAL Motors and PSA — the French-based parent company of Citroën, DS and Peugeot — are said to be at an advanced stage over the sale of Opel and Vauxhall.
It’s understood the talks centre on PSA’s plans to take a majority stake of General Motors’ two European subsidiaries. Should the sale of Opel and Vauxhall — the biggest new car seller in Scotland — go ahead, the deal could have significant implications to the European automotive industry.
In a statement, PSA said: "PSA Group confirms that, together with General Motors, it is exploring numerous strategic initiatives aiming at improving its profitability and operational efficiency, including a potential acquisition of Opel. There can be no assurance that an agreement will be reached."
In recent years, GM has been particularly active in seeking a broad-based co-operation with Peugeot in a bid to cut costs and improve profitability at Opel and Vauxhall.
Again it is understood the latest talks are centred on a full merger of operations between Opel, Vauxhall, Citroën, Peugeot and DS. The discussions come in the wake of previous attempts to closely align the operations of the German and French car makers.
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Jim McGill