Please Tell Us Your City

Knowing your city will help us provide relevant content to you.

Sorry! No matching results found. Try again.Error Identifying Your Location.

Log in to CarWale

Please enter your password
Forgot password?
Please enter your registered email

Or Login with

Sign In with google

Sign up to CarWale

Please enter your name
Please enter your mobile number
Please enter your password
Please enter your password

General Motors looking to sell Opel and Vauxhall to PSA

February 15, 2017, 11:26 AM IST by Abhishek Nigam
General Motors looking to sell Opel and Vauxhall to PSA

The brand Opel brings back memories of the lovely Astra, the wonky Corsa and the futuristic Vectra that took to the Indian roads in the nineties. However the lives of these cars were short lived as Opel shut shop in India towards the end of the second millennium. 

And now its parent company GM looks ready to sell the Opel and UK’s Vauxhall to the company behind Peugeot after citing Brexit to be a hindrance in a bid to turn the loss-making division around. GM, the world’s third-largest carmaker and the biggest in the US, has suffered more than $15bn of losses at Opel since 2000. It nearly sold the division after going bankrupt in 2009 but reversed the decision in a bid to maintain a foothold in the potentially lucrative European market. It had hoped to break even by now, but posted an annual loss of $257m (£206m) for 2016 earlier this month.

GM and PSA Group already cooperate on the production of minivans and SUVs but their partnership was diminished in 2013 when GM sold a 7% stake in the French firm for £250m. But if the two firms opt for a sale, the combined might of the Peugeot, Citroën and Opel brands would see PSA Group overtake Renault to become Europe’s second-largest car firm behind Volkswagen.

While talks on the acquisition are on, PSA Group and General Motors confirm they are exploring numerous strategic initiatives aiming at improving profitability and operational efficiency, including a potential acquisition of Opel Vauxhall by PSA.

Tags:Opel,General Motors,Vauxhall
Show CommentsHide Comments
  • Upcoming Cars

MG HectorMG Hector

27th Jun 2019

18L - ₹ 23L
Hyundai Kona EVHyundai Kona EV

9th Jul 2019

25L - ₹ 30L

25th Jul 2019

80L - ₹ 1.20Cr
BMW 7 Series FaceliftBMW 7 Series Facelift

25th Jul 2019

1.22Cr - ₹ 1.40Cr
Renault TriberRenault Triber

Aug 2019

5L - ₹ 7L
All Upcoming Cars
MG Hector

Price Reveal In:

  • 00DAYS
  • 00HRS
  • 00MINS
Know More

Select your city to avail offers

Currently available only in