Tag : Vauxhall
Groupe PSA has appointed Stephen Norman as managing director of Vauxhall Motors and Opel Ireland, effective from 1 February.
Opel, and sibling Vauxhall, is to debut a next-generation electric Corsa and a plug-in hybrid version of its Grandland X crossover by 2020 under post-takeover plans to bring the company back into profit.
Opel and Vauxhall’s financial operations have now been hived off into a new automotive finance company, jointly owned by PSA and the French bank BNP Paribas.
GM has closed the sale of Opel/Vauxhall to the PSA Group for €2.2bn, creating the second largest carmaker in Europe with a market share of 17% and a line-up of five brands.
EU antitrust authorities have approved the proposed acquisition of GM’s Opel/Vauxhall automotive business by PSA Group.
Vauxhall/Opel CEO, Dr Karl-Thomas Neumann, has stepped down from his position and will leave the company once its sale to PSA Group has completed.
Opel has revealed its latest-generation Insignia Country Tourer, marking the third variant in the Insignia line-up.
The combined PSA-Opel group will benefit from a ‘step-change’ in vehicle development thanks to its new scale, according to industry experts.
GM’s Vauxhall and Opel business has been sold to the PSA Group for €2.2 billion.