Fiat Chrysler is considering shifting manufacturing of its Panda to low-wage Poland to free capacity to build more Alfa Romeos in Italy, Bloomberg reported.
Features
9 May, 2017
Think you can safely send a quick text while driving? Think again. We see how distractions really affect driving
The new Opel/Vauxhall Corsa will be delayed as new owner PSA moves to shift the brand's next-generation cars onto the French automaker's platforms.
The key union representing British workers, Unite, has said "the fight begins now" to secure a future for the General Motors plants at Ellesmere Port and Luton which will be sold to PSA as part of the Opel deal confirmed today (6 March).
PSA Group says there could be significant opportunities for the UK supply chain following its proposed purchase of General Motors' Opel/Vauxhall division, if the British government opts for a so-called 'hard' Brexit.
PSA Group chief executive Carlos Tavares has stressed the opportunities ahead for Opel/Vauxhall plants in the new larger group and played down talk of plant closures and job cuts.
A chronology of Opel's history and its sale to PSA Group.
GM is to sell its loss-making European operations to PSA Group in an EUR2.2bn deal expected to close by the end of this year
PSA agreed to buy GM's Opel unit for 2.2 billion euros ($2.3 billion). The French automaker vowed to return Opel and its UK-based sister brand, Vauxhall, to profit with an operating margin of 2 percent within three years and 6 percent by 2026.
The latest issue of the Automotive News Europe monthly magazine is ready to view.
PSA's acquisition of Opel will end GM's nearly 90 years of ownership that grew more turbulent and acrimonious as time wore on.
PSA's rationale for acquiring GM's chronic money loser, Opel, has many industry watchers puzzled but it has potential benefits for both sides, analysts and experts say.
Carlos Tavares, the energetic executive who plans to fold General Motors' European operations into France's PSA Group, is a modest man despite his high ambitions.
The first cars shared between PSA and GM's Opel unit will be among the debuts at this week's Geneva auto show. Other premiers include Renault's Alpine sports car, Range Rover's Velar SUV and Porsche's first station wagon.
GM and PSA will hold a press conference on Monday, with the subject expected to be PSA's acquisition of GM's European operations. Both companies are finalizing details of the deal for PSA to buy GM's Opel unit over the weekend, reports said.
News
1 Oct, 2018
Four-door Mercedes-AMG GT 63 will cost from £121,350, with first deliveries expected in the spring
News
1 Feb, 2019
Ford announces voluntary redundancy scheme at its engine plant in South Wales with 400 job losses