News results for "vauxhall"

Brexit and Bochum haunt Vauxhall in the new battle for Ellesmere Port

Posted By GMbeat on Articles - Vince Cable pushed at the revolving door of General Motors’ New York offices and stepped into the bustle of a February afternoon in Manhattan. As he scanned the street for his awaiting taxi, the then business secretary breathed a huge sigh of relief. It was 2012, and Cable had just persuaded Dan Akerson, then chief executive of car giant General Motors, to hand production of the seventh-generation Astra to Britain. Cable’s 11th-hour intervention, along with generous concessions on pay and conditions from the unions, helped save Vauxhall’s Ellesmere Port factory in Cheshire from closure. It al

It’s business as usual, says Vauxhall boss

Posted By GMbeat on Articles - Geneva should have been great news for Vauxhall. It’s the venue for the first public showing of the Insignia Grand Sport, Sports Tourer and Crossland X SUV – but all the buzz is about the PSA takeover of Opel-Vauxhall, and what’s in store for the UK. Rory Harvey, managing director of Vauxhall was doing his best to avoid wrestling with the elephant in the room, and was unprepared to answer questions directly about the company’s new French master. ‘Vauxhall has a bright future,’ he says. ‘It’s a stalwart of the UK, and will remain so.’

French giant PSA tells Vauxhall not to worry: We have a vision

Posted By GMbeat on Articles - French motoring giants PSA have sent out a message to British brand Vauxhall after acquiring the Luton-based manufacturers as part of a £1.9billion takeover of the European arm of General Motors. Maxime Picat, European director for the PSA group, said: “We have got a vision. We want to send a positive message to Vauxhall – the situation they are in today is not far from ours a few years ago.

Vauxhall Zafira Tourer review: MPV is on active service

Posted By GMbeat on Articles - There is much to commend the Vauxhall Zafira Tourer for families who are always on the go. Here, we look at the spec, performance and pricing of the SE 1.6 CDTi ecoFLEX Blue Injection model.

Opinion: why PSA's takeover of Opel/Vauxhall is risky

Posted By GMbeat on Articles - I spent much of the Geneva show chasing and talking to bosses of PSA (Peugeot, Citroen and DS) and Opel (Opel and Vauxhall) about Global GM’s decision to sell Opel, and PSA’s decision to buy it. I’m still not confident the takeover will do any of the participants any good. It has risks for PSA. It could be traumatic for Opel Vauxhall. And even GM, the company selling Opel and Vauxhall, might be wounding itself.

Does GM's European Sale Indicate the Start of Merger Mania in the Auto Industry?

Posted By GMbeat on Articles - After a French conglomerate bought GM's Opel this week to become the second-largest carmaker in Europe, it could be a sign of more tie-ups.

GM to take $4 bln charge in Opel sale to Peugeot

Posted By GMbeat on Articles - General Motors on Monday said it had agreed to sell its European operations, taking a charge of at least $4 billion, as the U.S.'s biggest auto maker withdraws from a region where it hasn't made money for almost two decades. Peugeot SA will pay EUR1.32 billion ($1.4 billion) for GM's Opel and Vauxhall brands, the companies said Monday, consisting of EUR650 million in cash and the rest in Peugeot share warrants. GM's financial operations in Europe will be jointly acquired by Peugeot and BNP Paribas SA for about EUR900 million.

Autos bosses focus on technology rather than PSA-Opel (with video)

Posted By GMbeat on Articles - The auto industry is facing seismic changes with the rise of electric vehicles, automated driving and car sharing set to eclipse even big mergers such as PSA's purchase of Opel, executives at the Geneva auto show said.