General Motors’ sale of its European Opel-Vauxhall unit to French automaker PSA Group will have no impact on General Motors’ other operations in the region.
Specifically, the transaction will have “no impact” on GM’s sales of the Chevrolet Camaro and Corvette, or of Cadillac vehicles in Europe, GM spokesperson Patrick Morissey confirmed to GM Authority. GM sells the Camaro, Corvette, and the Cadillac luxury vehicle lineup in limited quantities in Europe.
Yesterday, General Motors and French automaker PSA Group confirmed the sale of GM’s European Opel-Vauxhall division and associated vehicle financing operations to PSA in a deal worth €2.2 billion in cash €0.65 billion in PSA stock warrants.
Comments
That’s bad news because those nonexistent sales need impact. CCC – cadillac corvette camaro are ghost names in europe. In most markets there’s even not a single dealer. The info on gm web pages is fake etc. Opel always meant losses for gm. How about investing the Saved money in providing finally 1st class customer care for cadillac & corvette clients all over europe?
They are not well-known because the Camaro and Corvette are meant to be low-volume vehicles while Cadillac has yet to take the European market seriously, and will not do so until 2020-2022 timeframe.
Regarding the “info on gm web pages” being “fake”: I just logged onto the Cadillac.de site… checked out the dealers section (HÄNDLER) and called three random dealers. All three picked up and answered the phone. You might want to get your facts straight first.
As a US GM owner in Europe this is really fantastic news, and thank you for sharing this. I takes away some fears I had about future servicing possibilities and a potentially void warranty.
However, I don’t understand how they will do it: my Cadillac is serviced at an Opel dealer, who in a year won’t have any ties with GM any more. Will PSA become responsible for distributing and servicing Cadillacs and Chevys, and will PSA provide the logistics for spare & maintenance parts? What about the quality issues which might arise? It would be interesting if someone at GM would provide more info on how the dealerships & logistics will be organized. Honestly, I don’t think the sales volume is important enough to have exclusive dealers selling these cars, at least not at the moment. Although I really hope that will be the case one day.
I had a Cadillac serviced at an Opel dealer once.
That was a giant disaster.
Zero knowledge. Zero skills, Opel mechanics are just as bad as their cars.
Went to an independent dealer (no void warranty) and what a relief.
Stay away from Opel dealers as far as you can if you value your non opel gm car!
Soooooo,
Zero sales stay zero sales?
GM is a joke.
Europe is perfectly fine without GM.
I checked official UK and EU car sales statistics for January 2017 – February’s figures don’t seem to be available yet.
Chevrolet had a 0.00% market share and sold 0 vehicles. Meantime, over at Cadillac, the brand had a market share of 0.00% and sold exactly 0 vehicles.
So I’m sure all those who bought a Cadillac or Chevrolet last month will be mightily relieved at this news… ahem 😉
For whatever reason, the ACEA figures do not reflect Chevy or Cadillac sales correctly. I have confirmed that there were roughly 2,000 cumulative Chevrolet and Cadillac vehicles sold in Western Europe in 2016. Of course, not a significant amount, but more than zero nonetheless.