The history of General Motors and Opel in Europe seems destined to repeat itself a thousand times. The signature of the beam, and its branching English Vauxhall, not just find your point optimal in the european market and patience to the directors of General Motors it seems that they are running out. Already, in the last great reestruccturación of the conglomerate american Opel was on the verge of being sold to Magna, but for giving him one last vote of confidence is still embedded in his breast.
After this, General Motors conceived a great agreement with the PSA Group (Peugeot, Citroën and DS) to share technologies and platforms. However, that agreement fell apart when I walk in the shareholding of the French group the capital of the chinese. It just seemed that it had been the development of the new Opel Crossland and X-Citroen C3 Aircross (or C3 Picasso), but it seems that that is only the tip of the iceberg.
As we known, it seems that General Motors and the PSA Group, very discrete, have continued to negotiate so that the French conglomerate could acquire both Opel as a Vauxhall in the american group. This information, apparently has already been confirmed by PSA and within the conversations we would be exploring the best alternatives to take control of the firm’s German and English.
Of this be true, PSA would be the second largest manufacturer of cars in Europe advancing in their career to FCA. With this acquisition, its share of the market in our continent will grow by up to 16 percent. This to manufacture more units, their development costs would be lower, in addition to having access to all the technology that Opel treasures in terms of electric mobility and systems of driving assistance and infotainment.
For now is unaware of the terms of the agreement or how it could be accomplished. If all ends well General Motors completely abandon their activities in Europe (already retired to Chevrolet a few years ago) although could continue to maintain a percentage in the shareholding of Opel to continue to have some influence in Europe. Will have to see how things evolve and hope that both groups provide information about it.
Source – Automotive News