Who or how are they going to sell the Chevy Bolt EV which is one of the most important cars in a generation?   

 

PSA or not bother?

4 hours ago, lol-lol said:

 

Who or how are they going to sell the Chevy Bolt EV which is one of the most important cars in a generation?   

 

PSA or not bother?

Peugeot 'badged' perhaps .

What do we think is going to happen to the existing Vauxhall/Opel ranges? Carry on as normal then start platform sharing with the French as models come up for renewal, or run independently for a while longer.

 

I assume the US versions of the Insignia & Cascada are built in their home markets, so it's relatively easily to sell off Opel in this way. 

Coises coices - so many choices 

1/ rationalisation

2/ consolidation

3/ elimination 

     ?

20 hours ago, threadbear said:

I have a Vauxhall Astra 1300 mk1 that was built in 1984 and that had Opel stamped all over it, including "Made in Germany". Bit like my old Octavia Mk2 had Audi bits all over it! But Made in Czech Republic" 

 

My first car was a 1989 Mk2 1300.

Quite nippy for what it was with a mighty 75hp.

Mind you it came with less equipment than a base BMW. It didn't have a clock because that was an optional extra.

Still it was so simple it was about £30 for a service and the same for a tyre.

 

****ing terrible car but it did me for a few years.

Vauxhall appliance is my recollection of the Astra 

1 hour ago, Aspman said:

 

My first car was a 1989 Mk2 1300.

Quite nippy for what it was with a mighty 75hp.

Mind you it came with less equipment than a base BMW. It didn't have a clock because that was an optional extra.

Still it was so simple it was about £30 for a service and the same for a tyre.

 

****ing terrible car but it did me for a few years.

I drove a couple of them in relation to work (going to Aberdeen and Manchester) - like you say, they were nippy for the modest output on offer - I wasn't hanging around coming back from Manc.

Official details

http://europe.autonews.com/article/20170306/ANE/170309869/psa-agrees-to-buy-opel-in-2-3-billion-deal?cciid=email-autonews-blast

GM Europe valued at about minus 2-3 billion dollars it would seem ie pension deficit $6B, PSA paying $2B, GM keeping most of the pension liability?

 

 

12 minutes ago, lol-lol said:

GM Europe valued at about minus 2-3 billion dollars it would seem ie pension deficit $6B, PSA paying $2B, GM keeping most of the pension liability?

 

 

http://www.bbc.co.uk/news/business-39175740

Background .....they have history 

http://www.nxtbook.com/nxtbooks/crain/ane_4475234219PTTGU/index.php#/16

?

How did it ever keep going that a company like GM were losing so many Millions every year while building and selling vehicles?

 

Selling with huge discounts and building too many vehicles, or actually not selling new, leasing, financing, pyramid selling and then the markets full of used cars.

Something wrong with Governments and regulators that allow that to go on.

An EU / Single market type of corruption thing with Trade Tariffs, and Free Markets and maybe Government Concessions and Finacial Assistance to 

non EU Manufacturers like GM.

Keeps people in jobs or did in the UK but the other 'Hard Working Families & Individuals'paying taxes on their low wages were subsidising the high paid car workers jobs.

GM wouldn't allow export of Opel vehicles into the U.S. market in competition to its Chevrolets, leading to an overproduction/discounting debt spiral.

Trump would have approved.

Everyone gets paid well, (as long as trading and manufacturing goes on someplace.)

the CEO's, Senior Managers, Investors, the board, the employees, the contractors, money in money out, employees pay taxes etc etc 

and the Corporation posts losses, pays no Corporation Taxes or even gets credits on paying interest on borrowing and all the time they are also Financial Institutions and trading money, banking, financing etc, it is like Amway,Herbal Life etc, there is a product but it is not all about people buying the product it is about those at the head of the pyramid making money.  If there are those making money while there are losses then someone is loosing out or paying the cost of things.

Edited 6 March, 20179 yr by Awayoffski

Holden became uneconomic partly because the Monaro wouldn't be allowed to undermine the home product.

Another example of private sector protectionism with predictable outcome.

Before buying my Octavia last month, I did consider a Vauxhall as had had an Astra, two Cavaliers and a Vectra in the past. But couldn't decide on what despite the car`s appearing good value for money due to heavy early depreciation. I hope that Vauxhall don't go under for the sake of the worker's and general economy. But surely if you a car belonging to a defunct brand, you set to loose even more money on trade in? (Unless of course that defunct brand is a classic!)

 

Worrying times. And glad I didn't buy a Vauxhall. 

I think Vx will continue as a brand but I can't see production remaining in the UK. I'd expect PSA to centralise manufacturing.

 

TBH if I were a brutal pragmatist I'd have just bought Vx/Opal to shut it down since it occupies much of the same market as Peugeot.

 

I don't see any sense in buying a rival company unless you're going to usurp their customers. Seems unlikely that GMs electric developments (if included in the sale) were so good that it was worth buying a company $3 Billion in the red.

PSA must be confident that their all new range will need the extra production capacity to meet demand.

1 hour ago, Aspman said:

Seems unlikely that GMs electric developments (if included in the sale) were so good that it was worth buying a company $3 Billion in the red.

 

If GM considered their EV work to be so good (and a GM product rather than a Opel/Vxhl one) then I would expect them to hang on to it.

2 minutes ago, Wet Kipper said:

 

If GM considered their EV work to be so good (and a GM product rather than a Opel/Vxhl one) then I would expect them to hang on to it.

GM have taken advice from Trump and are getting ready for less free trade.

 

19 minutes ago, Ryeman said:

GM have taken advice from Trump and are getting ready for less free trade.

 

 

Might be they're taking a gamble that Trump will let them renegue on the Vx/Opal pension deficit 

11 hours ago, Ryeman said:

GM wouldn't allow export of Opel vehicles into the U.S. market in competition to its Chevrolets, leading to an overproduction/discounting debt spiral.

Trump would have approved.

It says on BBC website that they plan to use the Opel brand to get back into the US market - something along the lines of German being perceived to equal quality. 

1 hour ago, Brian69 said:

It says on BBC website that they plan to use the Opel brand to get back into the US market - something along the lines of German being perceived to equal quality. 

That would be ironic

PSA has an attractive new range which might now enable them to establish in the U.S.

 

http://www.greencarreports.com/news/1109184_gm-sells-opel-is-plan-to-switch-to-electric-cars-by-2030-now-in-limbo

GM's reasoning for getting out of Europe 

http://www.greencarreports.com/news/1109505_europes-emission-limits-small-cars-far-from-global-mainstream-is-this-why-gm-sold-opel

PSA get the go ahead.

 

http://www.autoexpress.co.uk/vauxhall/98596/psas-vauxhall-and-opel-buyout-approved-by-authorities