Home » News » Acura » PSA Peugeot Citroen closes deal with Opel
This March, along the unveiling of dozens of new cars in Geneva Motor Show, we also witnessed the historic acquisition of Opel by PSA Group. Now, almost five months since then, Groupe PSA announces the closing of the acquisition of GM subsidiaries Opel and Vauxhall.

With Opel and Vauxhall, Groupe PSA becomes the second largest European car manufacturer, with a market share of 17% in the first half. Building on this transaction and now with five complementary, well-positioned car brands, Groupe PSA will strengthen its presence in the major European markets.

From today, Opel and Vauxhall are committed to building a strategic plan with Groupe PSA’s support, aimed at re-establishing economic fundamentals. The Opel and Vauxhall teams will present this plan in 100 days and will ensure its execution, boosted by synergies generated by the new Group, estimated to circa 1.7 billion euros per year in the mid term.

In parallel, the acquisition of GM Financial's European operations is under way, subject to validation by the different regulatory authorities and is planned for the second half of 2017.


Related Articles

Leave a Comment

Fields marked with * are required
Name *:
Email *:
Comment *:
Code *:
  CAPTCHA
  • Email
  • YouTube
  • RSS
  • Twitter
  • facebook
  • feedburner

Related Specs

  1. 1991 Acura NSX

    Engine: All Aluminum V6, Power: 201.3 kw / 270 bhp @ 7100 rpm, Torque: 284.7 nm / 210.0 ft lbs @ 5300 rpm
  2. 1999 Acura NSX Alex Zanardi Edition

    Engine: V6, Power: 216.3 kw / 290.1 bhp @ 7100 rpm, Torque: 304.0 nm / 224.2 ft lbs @ 5500 rpm
  3. 1997 Acura NSX-T

    Engine: Aluminum Alloy V6, Power: 216.3 kw / 290.1 bhp @ 7100 rpm, Torque: 303.7 nm / 224.0 ft lbs @ 5500 rpm
  4. 2000 Acura Integra Type-R

    Engine: Aluminum Alloy Inline-4, Power: 145.4 kw / 195.0 bhp @ 8000 rpm, Torque: 176.26 nm / 130.0 ft lbs @ 7500 rpm
  5. 2002 Acura RD-X Concept

    Engine: Inline-4, Power: 186.4 kw / 250.0 bhpN/A

New Vehicles

Hyundai i30 N Line starts at £21,255 in UKHyundai i30 N Line starts at £21,255 in UK
After a long wait, Hyundai is finally making the most of its new N Performance division. The South-Korean manufacturer has officially announced the pricing ...

Concept Cars

Toyota unveiled the Supra TRD ConceptToyota unveiled the Supra TRD Concept
A few weeks ago we have seen the all new generation Supra A90. Now, the Japanese sports-coupe has received a special version thanks to the in-house performance ...

Custom Cars

ABT Cupra Ateca offers more powerABT Cupra Ateca offers more power
Just introduced on the market during this fall, the new Cupra Ateca already benefits from a tuning package created by a german tuner. It is well known ...

Future Cars

Ginetta announces new supercarGinetta announces new supercar
The supercar market is still very attractive with many niche manufacturers announcing products that rpromise to go fast and drive fantastic. Ginetta is ...

Market News

Mitsubishi L200, the most popular pick-up sold in UKMitsubishi L200, the most popular pick-up sold in UK
The UK market is not showing much love for the pick-up market. But when it does that, one of the most popular car in the segment is the current generation ...

Gadgets

New NissanConnect available for Nissan MicraNew NissanConnect available for Nissan Micra
Along with the introduction of new engines, Nissan is also making sure the Micra receives an important update when it comes to technology. Nissan’s ...

Various News

Vauxhall Combo Van and Life get new range of accesoriesVauxhall Combo Van and Life get new range of accesories
Vauxhall wants to offer more opportunities for its UK clients and readies some accessories for the Combo. In both its variants, the Life and the Van. ...

Motorsports

Nissan replaces Renault in Formula E competitionNissan replaces Renault in Formula E competition
There is still shock as Renault decided to end its activity in the Formula E competition. But there is also hope for a competitive follower. It Alliance ...

Videos

2020 Volkswagen Jetta GLI - first teaser video2020 Volkswagen Jetta GLI - first teaser video
Volkswagen will unveil a new Jetta GLI during the 2019 Chicago Motor Show. Until the doors will be opened, the German car manufacturer decided to publish ...