Divestitutre News

GM Korea To Be Impacted The Most By Opel Sale

The business unit supplies the Opel Karl, Vauxhall Viva as well a the Opel Mokka and Vauxhall Mokka.

PSA Groupe Continues Opel Integration

Meetings between the integration teams at PSA, Opel and GM continue.

GM’s Plans To Expand GM Financial Globally Impeded By Opel Sale

The automaker is downsizing its captive finance arm.

GM Prices $3.0 Billion In Unsecured Notes

The debt will be used to pay for pension obligations associated with the sold Opel division.

GM To Pay For Opel-Vauxhall Pension Obligations By Taking On Debt

The automaker will issue $3 billion worth of unsecured notes.

Contrary To Reports, Opel Executives Are Not Resigning

Instead, the name of the legal entity that they are heading is changing.

General Motors In Negotiations To Sell Halol Plant In India To China’s SAIC

The General will end manufacturing at the plant at the end of April.

PSA Group To Take Over Opel Engineering Center (ITEZ) In Rüsselsheim, Germany

Besides creating Opel-Vauxhall products, the center played a vital role in developing some of GM's global vehicle platforms.

With ‘Humility And Confidence’, PSA Group CEO Believes Opel-Vauxhall Can Be Turned Around

The French automaker knows a thing or two about turning things around in Europe.

A Summary Of What GM Gets And Gives Up In Opel-Vauxhall Sale

A simple outline of the deal in two columns.

Officially Official: General Motors Sells Opel-Vauxhall To PSA Groupe

The transaction is valued at a total of €2.2 billion, with GM having

Analysts See Combined PSA-Opel As Shuttering 3 Plants And Laying Off 5,000 Workers

To achieve annual cost synergies between €1.5 billion and €2 billion.

GM Reportedly Paid ‘Substantially More’ Into Pension Fund In Opel Sale

In order to get PSA Group to agree to a non-compete clause.

Breaking: PSA Reportedly Reaches Deal To Buy Opel From General Motors

An official announcement will reportedly be released on Monday.

PSA Group Looking To Sell Over 5 Million Vehicles Annually If Opel Buyout Successful

Representing a notable increase over the combined sales volume of PSA and GM Europe.

Opel Suitor PSA Group Plots Strategic Return To North America

The French automaker is in it for the long haul.

Opel’s European Works Council Opens Communication With Its Equivalent At PSA

As General Motors continues to hold talks over a sale of Opel to PSA.

In Acquiring GM’s Opel, PSA Group To See Notable Value And Speedy Savings

A few years ago, PSA found itself in a similar situation as Opel today.

General Motors Requests Non-Compete From PSA Group In Opel Talks

The General doesn’t want Opel models it developed to be sold in certain markets.

Vauxhall Ellesmere Port Plant ’Safe’ Until At Least 2021 In PSA Group Buyout

The facility produces the Opel and Vauxhall Astra compact car.

PSA Chief Carlos Tavares Assures Germany’s Angela Merkel Of Local Opel Jobs And Investments

While also confirming that Opel will remain an independent firm.

Total Amount To Be Paid By PSA Group For GM’s Opel Unit Difficult To Determine

Thanks to ongoing licensing fees on existing models.

PSA Group Reportedly Highly Interested In Opel Mokka And Ampera-E Models

The former is a very good seller while the latter represents breakthrough electric technologies.

Opel Sale To PSA Group Will Reportedly Be Finalized March 1

Right before the start of the Geneva Auto Show.

Future Of Britain’s Vauxhall Plants Uncertain As Negotiations Between Opel And PSA Group Carry On

The future of two plants in England are in question.

Encouraging Signs Show Opel Jobs Safe In Germany In PSA Group Sale

All four Opel plans in Germany are said to remain open if the sale is finalized.

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