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

Skoda will launch 19 cars before 2020Skoda will launch 19 cars before 2020
Skoda is haveing a very good time in the market. Last year, the Czech car manufacturer managed to sell more than 1.2 million cars, a 6.6% increse compared ...

Concept Cars

First teaser of the upcoming BMW iNext Concept - the production model will start a new eraFirst teaser of the upcoming BMW iNext Concept - the production model will start a new era
BMW has published the first official teaser of the upcoming BMW iNext Concept. The pure-electric BMW iNext will be built at Plant Dingolfing from 2021. ...

Custom Cars

Rolls Royce Wraith Luminary Collection announcedRolls Royce Wraith Luminary Collection announced
Rolls Royce is continuously improving its client experience with special editions for the current range of cars. Same happened with the current Wraith ...

Future Cars

Seat to launch a car every six monthsSeat to launch a car every six months
After it managed to get over the bankruptcy, Seat is pushing forward with its offensive on the European market. The Spanish brand will launch one new ...

Market News

Honda Sensing reaches one million clients in USHonda Sensing reaches one million clients in US
Honda wants to be seen as a responsible brand, that cares about the safety of its passengers. Now more than ever, after the Takata scandal, which seriously ...

Gadgets

Future Volkswagen Golf to feature new hybrid systemFuture Volkswagen Golf to feature new hybrid system
Volkswagen is on the way of launching a great offensive in the hybrid and electric segment. And what better model to support that? The future Golf, of ...

Various News

Porsche will recall 60.000 cars equipped with the emissions-defeat devicePorsche will recall 60.000 cars equipped with the emissions-defeat device
Porsche will recall 60,000 diesel-engined Cayenne and Macan SUVs over emissions irregularities. The report was published by Reuters and it comes after ...

Motorsports

The Porsche 911 GT3 RS facelift did a lap of the Nurburgring in less than 7 minutesThe Porsche 911 GT3 RS facelift did a lap of the Nurburgring in less than 7 minutes
Porsche has done it again. The German car manufacturer has three models that managed to lap the famous Nurburgring Nordschleife in less than 7 seconds. ...

Videos

Video: Jaguar I-Pace is doing a night lap of Monaco circuitVideo: Jaguar I-Pace is doing a night lap of Monaco circuit
Jaguar I-Pace has tackled the famous Monaco street-circuit to prove its performance credentials. The British car manufacturer is the first premium car ...