PSA Group's acquisition of Opel from General Motors apparently has a lot to do with going global, apparently. In a recent interview with German newspaper Welt am Sonntag family heir and shareholder Jean-Philippe Peugeot said Opel will advance plans for global expansion, reports Automotive News. Last month PSA Group acquired Opel/Vauxhall from GM in a deal valued at $2.3 billion.… Read More...
Reports are coming out of Paris that PSA Group's board of directors has approved its planned acquisition of Opel from General Motors. The reports alleged that the PSA board met Friday and authorized managed to finish the deal, according to Reuters. PSA Group, the parent company of brands Peugeot and Citroen, plans to formally announce the deal early on Monday.… Read More...
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… Read More...
PSA has debuted its new midsize utility vans, the third generation Peugeot Expert and Citroen Jumpy. These are the utility versions of the passenger versions already shown earlier this year, the Peugeot Traveller and Citroen Space Tourer. The vans come with an assortment of engines, both gas and diesel, wheelbase lengths, and seating configurations. One other point of consideration is… Read More...
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