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

MG X-Motion Concept unveiled in BeijingMG X-Motion Concept unveiled in Beijing
After its bankruptcy, the MG brand was resurrected in China by local investors. So it's no wonder the new MG X-Motion Concept was officially unveiled ...

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

Audi E-Tron prototype recuperation capacity is uniqueAudi E-Tron prototype recuperation capacity is unique
Audi is making final preparations ahead of its first electric SUv launch. It is going to be one revolutionary vehicle, as the latest press release states. ...

Market News

Aston Martin reached record sales in 2017Aston Martin reached record sales in 2017
Even if Ferrari and Lamborghini are delivering record numbers year by year, Aston martin is not just standing and watching. The UK-base supercar managed ...

Gadgets

Seat Arona and Ibiza can be ordered with Digital CockpitSeat Arona and Ibiza can be ordered with Digital Cockpit
Volkswagen invented the Virtual Cockpit and everyone was amazed. They all wanted on their cars, but in order to be affordable, the Virtual Cockpit had ...

Various News

Prince Harry Audi RS6 Avant on salePrince Harry Audi RS6 Avant on sale
Even kings and queens have to drive something. And, from now and then, they have to sell the cars they drove. Luckily for them, the cars have a great ...

Motorsports

Aston Martin Vantage GTE will be seen in flesh and bones during the 24 Hours of Le Mans raceAston Martin Vantage GTE will be seen in flesh and bones during the 24 Hours of Le Mans race
Aston Martin will return this year at the 24 Hours of Le Mans Race with the new Vantage GTE model. Under the hood of the car is the same V8 4.0 liter ...

Videos

Have you ever wondered how long it takes for a chocolate dog to melt in a hot car? Here is the answerHave you ever wondered how long it takes for a chocolate dog to melt in a hot car? Here is the answer
The U.K.'s Automobile Association has highlighted the dangers of leaving pets in hot cars by filming a special video. In the video below you will see ...