CarSpyShots
Quick Member Login:
Forgot password?
Forum Statistics:
Forum Members:
Total Threads:
Total Posts:


There are users
currently browsing forums.
  FAQ Members List Calendar Search Today's Posts Mark Forums Read


Reply
 
Thread Tools Display Modes
  #61  
Old 02-27-2017, 04:45 PM
Swallow Doretti Swallow Doretti is offline
CSS Veteran
 
Join Date: May 2005
Posts: 1,208
Default

More details--looks like the launch date for TravelCar is 4/1:

http://www.motortrend.com/news/psa-t...velcar-launch/
__________________
2015 Hyundai Sonata Limited Ultimate
Reply With Quote
  #62  
Old 03-03-2017, 04:43 PM
Tomm14 Tomm14 is offline
Member
 
Join Date: Sep 2006
Posts: 136
Default

According to the latest rumour the PSA/GM deal on Opel could be announced next monday ;)
Reply With Quote
  #63  
Old 03-05-2017, 10:30 AM
Reppu's Avatar
Reppu Reppu is offline
CSS Oldtimer
 
Join Date: Dec 2004
Location: Madrid - Spain
Posts: 3,690
Default

So i read too.

This deal looks good for both parties, since GM wants profit desperately and PSA wants volume also desperately. However PSA will be in deep **** in the short term trying to make sense of the engineering and range strategy sides. Unless they choose to withdraw any integration attemp for the next few years.
Reply With Quote
  #64  
Old 03-05-2017, 02:55 PM
swizzle's Avatar
swizzle swizzle is offline
Raconteur
 
Join Date: Dec 2007
Location: Bakersfield
Posts: 25,435
Default

Quote:
Originally Posted by Reppu View Post
So i read too.

This deal looks good for both parties, since GM wants profit desperately and PSA wants volume also desperately. However PSA will be in deep **** in the short term trying to make sense of the engineering and range strategy sides. Unless they choose to withdraw any integration attemp for the next few years.
GM definitely won. It got rid of a lackluster division that was not competitive enough to make a profit in the past 16 years.

PSA bought itself a big problem. With Peugeot and Citroen overlapping as they do and with DS overlapping with Peugeot and Citroen as it does and with Opel overlapping with Citroen, Peugeot, and DS as it does, PSA may very well have set itself up for another fiscal crisis.
Reply With Quote
  #65  
Old 03-05-2017, 05:38 PM
Cousteau's Avatar
Cousteau Cousteau is offline
Member
 
Join Date: Dec 2007
Posts: 93
Default

PSA is expected to pay between 1.6 billion and 1.8 billion euros for Opel, French business paper Les Echos reported. PSA will pay half the sum immediately and half in shares, which means GM will become a PSA shareholder.

GM will retain on its balance sheet the vast majority of pension provisions (9 billion euros) for Opel employees working in Germany and the UK, the paper said. "PSA will have no exposure to this risk," a source told the paper.

PSA will be allowed to continue selling Opel models developed with GM's patents including the full-electric Ampera-e, a sister model to the Chevrolet Bolt, but would pay license fees, according to Les Echos. The automakers have agreed to restrict the sale of some Opel models outside of Europe for a set time, the paper said, but details of which markets will be off limits to the German automaker were not yet known, the paper said.

PSA and a financial partner will acquire the Opel bank as part of the deal, Les Echos said.

Tavares does not see Opel cannibalizing sales of PSA's Peugeot, Citroen and DS brands. "There is almost no cross-shopping between PSA brands and Opel," he said.

Also the PSA is strong in areas Opel is not and other way around.
__________________
Citroen C4 Cactus + Citroen DS5 + wife drives Peugeot 508 HDI. Americans, come over to Sweden for some free mental health care.
Reply With Quote
  #66  
Old 03-05-2017, 09:06 PM
swizzle's Avatar
swizzle swizzle is offline
Raconteur
 
Join Date: Dec 2007
Location: Bakersfield
Posts: 25,435
Default

Quote:
Originally Posted by Cousteau View Post
...Tavares does not see...
And he doesn't need to because France will bail PSA out of any quagmire--which will come sooner rather than later--no questions asked.

I'll put money on this deal being based more on European xenophobia: "We can't those damned Chinese take over the industry!!!"

GM played this magnificently.
Reply With Quote
  #67  
Old 03-05-2017, 09:15 PM
Reppu's Avatar
Reppu Reppu is offline
CSS Oldtimer
 
Join Date: Dec 2004
Location: Madrid - Spain
Posts: 3,690
Default

Your text summarises quite accurately how complex is this deal. It will be a very long time until Opel is fully integrated into PSA in a efficient way.

On the other hand, the fact that GM gave up the Ampera and Bolt shows how desperate they were to get rid of Opel. I am not convinced this is really a bad deal for PSA (Opel lineup is young and modern) even if I dont' quite share Tavares' optimistic view about product cross-shopping.

Now I wonder how will GM manage the Buick side of the deal, now that they can't use Opel badge engineering anymore.
Reply With Quote
  #68  
Old 03-06-2017, 08:56 AM
mick78 mick78 is offline
CSS Oldtimer
 
Join Date: Jun 2006
Location: Vienna, Austria
Posts: 8,845
Default

Quote:
Originally Posted by swizzle View Post
GM definitely won. It got rid of a lackluster division that was not competitive enough to make a profit in the past 16 years.
I'm not sure GM won. Yes, Opel was loosing money, but then again, the complex structure of GM, with every brand developing various platforms, some stand alone, and especially in case of Opel the models being sold in every non European market under different badges, so not getting money back to Opel makes it difficult to judge how profitable Opel has been in reality (or how not). Furthermore keeping those expensive pension payments inside GM is keeping a bit chunk of what cost Opel a lot, just to keep in mind.

Also the General has proven several times that developing competitive small models on their own is not their strong suit (unlike say trucks or their small block engine), and especially the Buick lineup will need a big rethink (and especially their Chinese lineup, which is even more Opel than the US one, is one of their cash cows). Opel did good R&D inside GM, and that capacity will need replacement, even if the currnet climate is friendlier to larger cars thus small car competency is not as important as it was a few years ago. But that can change again as well.

However, I still don't manage to see the clear winner in this situation, GM is so so, Opel gets rid of a hige chunk their pension payments and probably will find a more similar management culture with European owners than it did with GM, but reintegration with a different corporation will take time and energy, and the strange way these talks came on the table and the now for years ongoing sale/not sale/sale uncertainty works against the improvements that the good products of late have done to their troubled image. PSA is now the second largest player in Europe, but managing that large company is something they yet have to prove, and the last time they bought a third brand - Chrysler of Europe in teh late 70ies and renaming those Simcas and Hillmans Talbot - that was directly competing yet they didn't see it does, went rather bad , especially for Talbot. FInger crossed they have learned - a lot - since then. Also, like then, the new brand doesn't bring any new assets or markets on the table, the Ampera will be interesting, but given that it is purely US GM technology, we will see how much of the technology and know how is transferred beyond the current generation.
Reply With Quote
  #69  
Old 03-06-2017, 01:15 PM
Tomm14 Tomm14 is offline
Member
 
Join Date: Sep 2006
Posts: 136
Default

So that's it guys !!! Opel /Vauxhall enters today the PSA Group :)
Reply With Quote
  #70  
Old 03-06-2017, 02:40 PM
pjl35's Avatar
pjl35 pjl35 is online now
CSS Oldtimer
 
Join Date: Mar 2008
Location: Washington, DC
Posts: 3,566
Default

Quote:
Originally Posted by Tomm14 View Post
So that's it guys !!! Opel /Vauxhall enters today the PSA Group :)
Providing a source when saying something like that is much more helpful than just saying that it is so.

Like this: http://www.carscoops.com/2017/03/psa...quisition.html
__________________
"In three words, I can sum up everything I have learned about life; it goes on." -- Robert Frost
Reply With Quote
Reply


Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is On

All times are GMT +1. The time now is 03:40 AM.
Powered by vBulletin® Version 3.7.4
Copyright ©2000 - 2018, Jelsoft Enterprises Ltd.
Black Falcon Media Group Oy