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PSA Expects Opel Losses Again In 2017

Despite a change in ownership from General Motors to PSA Group, Opel's new owners are still expecting a loss in 2017. The news came from PSA CEO Carlos Tavares during an address to PSA shareholders earlier on Wednesday, when he cautioned more losses for the company's new German subsidiary. At PSA's annual meeting in Paris, the executive discussed that former…

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Opel Begins Insignia Grand Sport Production

Opel has officially commenced production of the all-new Insignia Grand Sport. The first sellable copy of the brand's flagship sedan was a 2.0-liter diesel variant in white. "We have been looking forward to today for a long time; our new flagship has finally arrived. This is an important day for Opel and Russelsheim. We invested more than €500 million ($539…

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Opel Will Still Run Itself

Despite being sold to PSA Group, Opel will apparently still run itself. As part of that autonomy, the German carmaker will keep its existing product plans largely unchanged as well, with seven new or redesigned vehicles coming to market over the next few years according to Automotive News. Opel's product plans aren't the only thing staying put. CEO Karl-Thomas Neumann…

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How One Vehicle May Have Led To Opel's Sell

There's likely a multitude of reasons behind General Motors' decision to sell Opel/Vauxhall to PSA Group. However, Automotive News is learning that at least some of the calculus behind the decision may stem from the next version of the Opel Corsa, which was becoming a major pain-point for GM. The Opel Corsa is the brand's B-segment car, one of the…

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Opel Schedules Monday Town Hall With Employees

Automotive News is reporting this morning that General Motors' Opel has scheduled a town hall meeting with employees for Monday morning. The news comes as reports yesterday suggested GM and PSA Group are nearing the finalization of a deal for the French automaker to acquire Opel from GM. The meeting is allegedly scheduled for Monday at 9:45 a.m. local time…

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Report: GM Stipulating Non-Compete Clause as Part of Opel Deal with PSA

According to a report in German weekly news magazine Der Spiegel, General Motors is demanding that PSA Group commit to a non-compete clause in a licensing agreement for the manufacture of Opel vehicles. Territories covered by the stipulation are said to include China, North America and Russia. While the magazine did not disclose the source of the information, it maintains…

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GM Expecting Letter of Intent Regarding Opel Sale Soon

General Motors is reportedly expecting to receive a letter of intent from French automaker PSA soon regarding their purchase of Opel. This news comes appropriately quick after news first broke of acquisition talks between GM and PSA last week. Further details of the alleged deal have trickled out throughout the week, including the reported $2 billion price tag on the…

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Opel Launching 'Exclusive' Program At Geneva

Opel is utilizing the Geneva Motor Show to launch a new program they're calling Exclusive. The new program will allow buyers a heightened level of customization for Opel buyers on certain products, targeting higher-end trim levels such as Ford's Vignale range in Europe. Exclusive buyers will be able to select from an unlimited supply of paint colors, all of which…

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Reports: PSA to Maintain Opel as German Brand

According to a number of reports, PSA Group chief executive Carlos Tavares will maintain Opel's identity and consider preserving its management structure if it acquires the German automaker from General Motors. One source has informed Reuters that Tavares will promote the deal as an alliance between the two manufacturers, with Opel remaining as a German corporation to comply with national…

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Report: Opel CEO Working to Transform Automaker into EV-Only Marque

Citing a report in German monthly business circular Manager Magazin, Automotive News says that Opel chief executive Karl-Thomas Neumann has been developing a strategy to transform the General Motors subsidiary into an EV-only brand. According to the report, the proposal was designed to help ensure Opel's long-term viability, with the GM board set to make a decision on the plan…

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