EU approves Peugeot’s purchase of Opel/Vauxhall from GM - Hello friend CarAdvice, There is an article that you read this time with the title EU approves Peugeot’s purchase of Opel/Vauxhall from GM, We have prepared this article well for you to read and take the information in it. Hopefully the contents of the post Article Car Comparisons, Article Car News, Article Car Price, Article Car Reviews, Article Car Specs, Article CarAdvice, Article CarAdvice.Com.au, Article Expert Reviews, Article Life Style, Article Showrooms, Article Videos, What we write you can understand. Okay, happy reading.

Title : EU approves Peugeot’s purchase of Opel/Vauxhall from GM
link : EU approves Peugeot’s purchase of Opel/Vauxhall from GM

EU approves Peugeot’s purchase of Opel/Vauxhall from GM

The PSA Group’s purchase of Opel and Vauxhall from General Motors has been given the go-ahead from the European Union’s antitrust authorities.

With approval secured from the EU, one of the key hurdles has been cleared in the 2.2 billion euro ($3.3 billion) purchase of the majority of General Motors’ European operations by the PSA Group.

Announced in March, the deal is expected to close by the end of this year. Once completed, the PSA Group will become Europe’s second largest car maker by volume after the Volkswagen Group. The enlarged French automaker will then encompass five key brands: Peugeot, Citroen, DS, Opel and Vauxhall.

Above: 2018 Holden Commodore Sportwagon, based on the Opel Insgnia Sports Tourer.

In the short term, the transaction will not impact the supply of the Holden Astra hatch and wagon, and the next-generation Holden Commodore, all of which will continue to be produced by the PSA Group under licence and will be delivered under “existing supply agreements”.

It has been estimated Opel/Vauxhall has lost around US$15 billion ($19.6 billion) since the turn of the century. The PSA Group hopes to make the German automaker cash flow positive by 2020.

The EU is still reviewing the proposed purchase of GM’s European finance arm by the PSA Group and BNP Paribas. A decision on this takeover is expected during the second half of 2017.

MORE: Peugeot news, reviews, videos and comparisons
MORE: Everything Opel
MORE: Citroen news, reviews, videos and comparisons

That's the article EU approves Peugeot’s purchase of Opel/Vauxhall from GM

That was the article EU approves Peugeot’s purchase of Opel/Vauxhall from GM this time, Hopefully can benefit for you all. Well, see you in other article postings.

You are now reading the article EU approves Peugeot’s purchase of Opel/Vauxhall from GM link address https://caradvicec.blogspot.com/2017/07/eu-approves-peugeots-purchase-of.html

Share this post