Top News:
- General Motors turns its back on long history in Europe – FT: “The Mary Barra team is reshaping General Motors with less focus on how big and how much volume and more on how profitable it is,” said Michelle Krebs, car analyst at Autotrader.com, referring to the GM chief executive’s oft-stated goal of focusing the…
- 2017 Volkswagen Arteon revealed as CC replacement – Autocar: The Arteon replaces the CC and sits above the Passat in Volkswagen’s line-up; UK sales start later this year
- Volkswagen to replace CC with Arteon – Automotive News: VW’s new premium sedan, the Arteon Gran Turismo, will replace the CC and slot above the Passat in the brand’s global lineup. The VW Arteon will go on sale in mid-June in Germany, but it won’t make it to the U.S. until next year as a 2019 model
- 2017 Ford Fiesta – pricing announced – Autocar: An all-new plush cabin, new Vignale option and a high-rise Active model all come to the best-selling, seventh-generation supermini
- GM will lay off 1,100 in Michigan after domestic production shift – Reuters: General Motors Co said on Monday it will lay off 1,100 workers in May at its Lansing Delta Township assembly plant in Michigan as it shifts production of a vehicle to Tennessee.
- Aston Martin Valkyrie name confirmed for AM-RB 001 – Autocar: V12 supercar has been built with technical input from Multimac for the MonoCell and Rimac for hybrid batteries
- Infiniti Q60 Black S revealed – Autocar: The Q60 Black S celebrates the firm’s new technical partnership with Renault’s F1 team; power expected to reach 500bhp
- IEA: Oil investment drought threatens price surge – FT: Meanwhile, the total stock of electric vehicles is expected to hit 15m by 2022, up from 1.3m in 2015. Despite robust growth, the IEA says electric…
- Mercedes Taps Rugged Luxury Trend With World’s Priciest SUV – Bloomberg: That strategy helped Mercedes unseat rival BMW AG as the world’s best-selling luxury marque last year and allowed Daimler to boost its research and…
- GM’s Opel Exit Is Rare No-Confidence Vote in European Market – WSJ: General Motors Co. sent a message Monday with the sale of its money-losing Adam Opel AG operation to Peugeot SA: the world’s third-largest auto…
- Mercedes-Benz E-Class Cabriolet unveiled – Autocar: The E-Class Cabriolet features a new high-strength steel and cast aluminium body structure
- GM shifts from bigger is better to less global, more profitable – Reuters: General Motors Co’s deal on Monday to sell its European operations to France’s PSA Group doubles down on a bet that the company can win by being less global but more profitable in an auto industry increasingly dependent on software and services.
- Want to race a vintage Porsche from China to Paris? This DC couple can tell you how. – Washington Post: Jill Kirkpatrick and Tony Connor have been wedded blissfully for 20 years and they agree that one truism of their happy marriage is that they avoid…
- BNP Paribas expands car loans business with Opel/Vauxhall deal – Reuters: PA) car financing business will grow by a third after the acquisition of … capital of the company which had 9.6 billion euros of outstanding car loans at …
- General Motors Is Actually Paying Peugeot To Take Opel Off Its Hands – Forbes: General Motors’ deal to sell its European operations is stunning in its lack of financial compensation. There is some obfuscation in the press releases,…
- The GM-PSA deal at a glance – Automotive News: A look at key details of GM’s watershed decision to sell Opel and Vauxhall to France’s PSA Group:
- Peugeot SA chief pledges to step up UK presence in ‘hard Brexit’ – FT: Carlos Tavares, chief executive of Peugeot owner PSA, has promised to step up the company’s presence in the UK in the event of a “hard Brexit” in a…
- Here’s How the Takata Air Bag Recall Could Have Been Avoided – Fortune: General Motors’ cost-cutting measures made its signature product a death trap, and Ralph Nader’s groundbreaking book, Unsafe at Any Speed, led the automaker to discontinue the model. You’d think that after the hue and cry of that scandal, the U.S …
- Opinion: Brexit and Dieselgate are to blame for GM’s decision to sell Opel – Autocar: The Vauxhall Crossland X is already built on a shared platform with PSA General Motors has long been making a loss in Europe with its Vauxhall and Opel brands, so why has it decided to bail out now?
- TIMELINE-GM falls out of love with Opel, sells it to Peugeot – Reuters: Following is a chronology of Opel’s history and its sale to Peugeot: 1863: Adam Opel sets up a sewing machine workshop in the western German town of Russelsheim. He later makes bicycles as well. 1899: Opel’s sons, who take over the business, build their first automobile. 1903: Vauxhall builds its first car.
- Alphabet lawsuit against Uber cements end of uneasy marriage – Reuters: When Uber Technologies Inc [UBER.UL] was raising venture capital in 2013, it was one of the hottest deals around – and no one was more eager to write a check than Bill Maris and David Krane of Google’s venture capital arm.
- Here Is What We Know About Tesla’s Big China Bonanza – Forbes: The story about Tesla’s unexpected billion-dollar windfall in China kept Twitter aflutter all weekend. Tesla did not say how it made that money. Tesla does not release sales by region (except when it wants to), and the company would not comment on the…
- Peugeot’s Opel deal shows shrewd engineering – Reuters: The logos of German General Motors daughter Opel and French car maker Peugeot are seen at a Opel and Peugeot dealership in Leverkusen near …
- Beijing Auto’s green car unit plans IPO in 2018 – Reuters: The green energy car subsidiary of Chinese automaker Beijing Automotive Group [BEJINS.UL] plans an initial public offering in 2018, Chairman Xu Heyi said on Monday, adding that the unit should be profitable that year.
- PSA Group buys GM’s Opel for $2.2B – Detroitnews: The deal is expected to close by the end of the year, pending regulatory approvals
- General Motors Sells Opel for $2.3 Billion – WSJ: PARIS-General Motors Co. on Monday said it has agreed to sell its … Peugeot SA will pay €1.3 billion for GM’s Opel and Vauxhall brands, the…
- Specter of No Brexit Deal Haunts UK Automakers – Bloomberg: Nissan Motor Co. estimates it could lose as much as 600 million pounds ($738 million) in profit on the 320,000 Qashqai SUVs it makes annually in…
- Fiat Said to Mull Panda Shift to Poland for `Made in Italy’ Alfa – Bloomberg: Fiat Chrysler Automobiles NV is considering shifting manufacturing of its Panda city car to low-wage Poland to create production space for more…
- Peugeot Pimps Its Ride – Bloomberg: PEUGEOT SA. +0.55. As of 7:33 AM EST. 19.61 EUR. Peugeot CEO Carlos Tavares believes he can succeed where armies of General Motors Co.
- General Motors sale not driven by Trump’s border tax, says CEO – CNBC: General Motors’ chief executive has refuted claims that the sale of its … The announcement had prompted claims that GM has shied away from the…
- China’s Beijing Auto new energy unit plans to IPO in 2018 – group chairman – Reuters: … Beijing Automotive Group’s green energy car subsidiary plans to pursue an initial public offering in 2018, Chairman Xu Heyi told on Monday …
- Tavares wins favorable terms with Opel takeover – Automotive News: PSA Group’s agreement to buy General Motors’ Opel/Vauxhall unit in a transaction valued at 2.2 billion euros ($2.3 billion) at first glance seems to…
- Why GM decided to sell Opel to PSA – Automotive News: In announcing their historic deal with PSA Group today, GM executives said they decided to sell Opel because Europe’s changing geo-political and regulatory climate demands more investment at a time when they see a greater need to focus on North…
- PSA buys Opel from GM, sets recovery goals – Reuters: PSA Group has agreed to buy Opel from General Motors in a deal valuing the business at 2.2 billion euros ($2.3 billion), the companies said on Monday, creating a new regional car giant to challenge market leader Volkswagen .
- PSA targets Opel turnaround as GM exits Europe – Reuters: France’s PSA Group has agreed to buy Opel from General Motors in a deal valuing the business at 2.2 billion euros (1.9 billion pounds), creating a new European car giant to challenge market leader Volkswagen .
- GM sells Opel to improve ‘overall business profile’ – Automotive News: GM executives said they decided to sell Opel because Europe’s changing geo-political and regulatory climate demands more investment at a time when they see a greater need to focus on North America, China and emerging technologies.
- Peugeot owner: Hard Brexit ‘could be opportunity’ for supplier base – FT: A hard Brexit would likely hurt the UK car market, but could bring some fringe benefits, the chief executive of Peugeot-owner PSA said on Monday.
- UK focused on new Vauxhall model after Peugeot buyout – Reuters: GM had committed to build the Astra Sports Tourer model until around 2021 at its Ellesmere Port plant in northern England and Peugeot has said it will …
- Ruf to reveal new supercar inspired by CTR at Geneva – Autocar: The CTR 3 was capable of 236mph Longstanding Porsche tuner has created the first independent model produced in house
- Tavares faces uphill task returning Opel and Vauxhall to profit – FT: The €1.3bn deal makes Peugeot-Citroën-Opel the second-largest carmaker in Europe behind Volkswagen, and extricates GM from a market where it…
- Bespoke Rolls-Royce Ghost Elegance heads trio of special models at Geneva – Autocar: Rolls-Royce reveals three extravagant bespoke models as it promotes its bespoke service
- UK new car sales dip in February, pickup seen in March – SMMT – Reuters: British new car registrations fell by an annual 0.3 percent to 83,115 units in February, driven down by weaker demand from individuals and companies, but sales are expected to pick up in March, a car industry body said on Monday.
- GM Shareholders Will Be Happy As It Dumps Chronic Loss-Maker Opel-Vauxhall – Forbes: General Motors shareholders might well be dancing in the streets today after news it had finally managed to dump its chronic, perpetual loss maker…
- GM to Take $4 Billion Charge on Sale of European Unit to Peugeot – WSJ: General Motors has agreed to sell its European car brands Opel and Vauxhall to France’s Peugeot, withdrawing from a region where it hasn’t made money in almost two decades and taking a $4 billion charge in the process.
- Peugeot to build long term success of Vauxhall – Reuters: Britain said it would work with Peugeot to ensure the long-term success of Opel’s two British Vauxhall plants after the French firm confirmed a deal buy the businesses from General Motors.
- Opel works council must be involved in PSA plans: Germany – Reuters: … It must be guaranteed that the European management of Opel/Vauxhall, the general …
- Opel labor bosses say approval of sale depends on plans for future – Reuters: … PA) dependent on details of their plans for Opel’s future, they said in joint …
- JAC Motor sees slower China auto market sales growth in 2017 – Reuters: In September, JAC Motor signed a preliminary deal with Volkswagen AG (VOWG_p.DE) to explore making electric vehicles in a new joint venture.
- UK union head calls on govt to protect future Vauxhall jobs – Reuters: The head of Britain’s biggest union called on the government to do all it can to protect jobs at Vauxhall’s British car and van plants as new owner Peugeot decides where to build future models.
- BRIEF-Changshu Automotive Trim sets up auto parts JV in Tianjin – Reuters: … creating a new regional car giant to challenge market leader Volkswagen.
- General Motors Announces $2.33 Billion Sale of European Arm to Peugeot’s Owner – Fortune: General Motors (gm) announced Monday it will be selling its European division to French carmaker PSA Group (peugeot.s-a) for $2.33 billion ( € 2.2…
- GM’s Barra: Opel sale to Peugeot ‘a difficult decision’ – FT: Following news that PSA, the owner of Peugeot, would buy the divisions, Ms Barra said the two companies had made strong progress before the deal.
- Ford is 3-D printing car parts which could mean more customized vehicles – CNBC: Ford says 3-D printing could be a “breakthrough for vehicle manufacturing”.
- GM agrees to sell Opel to PSA in $2.3 billion deal – Automotive News: GM CEO Mary Barra with PSA CEO Carlos Tavares at Monday’s press conference. Barra said Opel would have been profitable in 2016 if it weren’t for…
- PSA CEO – Vauxhall plants an opportunity if there is hard Brexit – Reuters: PSA Group’s Chief Executive Carlos Tavares said Vauxhall’s factories are an asset for the French carmaker if Britain exits the European common market in a so-called “Hard Brexit” scenario.
- Is Buying Opel a Good Deal for PSA Group? – Bloomberg: Arndt Ellinghorst, head of global automotive research at Evercord ISI, discusses PSA’s deal to buy GM’s Opel unit for $2.3B, how much capacity has to…
- Peugeot owner PSA to buy lossmaking Opel business for €2.2bn – FT: PSA has announced a €2.2bn agreement to buy General Motors’ lossmaking Opel division in a deal that will make the Peugeot and Citroën owner the…
- A look at the history of Opel and Vauxhall, the European brands GM is selling – Freep: General Motors, on Monday, that it is parting ways with its Opel and Vauxhall brands, after nearly 90 years of part ownership — a historic decision that…
- Why has PSA bought Opel and Vauxhall? – Autocar: Carlos Tavares, PSA chairman The company that owns Peugeot, Citroën and DS has bought General Motors’ European business. Here’s why
- Europe’s Auto Rebound Sputters Short of Pre-Crisis Peak: Chart – Bloomberg: As Europe’s car makers seek to woo customers at the Geneva International Motor Show this week, it’s evident that 2017 may be as good as it gets for…
- PSA pays GM $2.3 billion for Opel, sets first recovery goals – Reuters: REUTERS/Vincent Kessler/File Photo … The maker of Peugeot and Citroen cars vowed to return Opel and its British Vauxhall brand to profit, with an …
- Vauxhall and Opel sold to Peugeot-Citroen in €2.2bn deal – business live – Guardian: . All the day’s economic and financial news, as General Motors confirms it is…
- Vauxhall sold: Peugeot plays down job cuts and Brexit fears – live updates – Guardian: Q: What guarantees can PSA give to workers at Opel and Vauxhall? Carlos Tavares promises that all existing agreements with unions at the two car…
- PSA Group of France to Buy GM’s Opel and Vauxhall for $2.3 Billion – New York Times: FRANKFURT – PSA Group of France on Monday announced a deal to buy General Motors’ Opel and Vauxhall brands for $2.3 billion, a big bet on the…
- PSA Deal to Buy GM’s Opel and Vauxhall Faces Political Winds – New York Times: Opel’s headquarters in Rüsselsheim, Germany. Both PSA and Opel are focused heavily on Europe, where car sales peaked almost two decades ago.
- PSA agrees to buy Opel in deal valuing GM unit at 2.2 billion euros – Reuters: PSA Group has agreed to buy European rival Opel from General Motors in a deal valuing the business at 2.2 billion euros ($2.3 billion), the companies said on Monday, creating a new regional car giant to challenge market leader Volkswagen.
- GM agrees to sell European brands to PSA Groupe – Freep: General Motors is saying goodbye to its Opel and Vauxhall brands, ending its presence in Europe as a major automotive manufacturer after nearly 90…
- Peugeot Maker PSA Agrees to Buy GM’s European Brands in $2.3 Billion Deal – Bloomberg: PSA Group is betting that size is the answer in Europe’s saturated car market … The maker of Peugeot and Citroen cars will pay 1.8 billion euros ($1.9…
- PSA to buy GM Europe operations for €2.2bn – FT: PSA has announced a €2.2bn deal to buy General Motors’ lossmaking Opel division in a move that will make the Peugeot and Citroën owner the…
- Peugeot agrees deal with General Motors to buy its European business for $2.3 billion – CNBC: The maker of Peugeot and Citroen cars pledged to achieve 1.7 billion euros in cost savings from the acquisition by 2026 and lift the Opel business and…
- BRIEF-Ford Motor Co tests large-scale one-piece auto parts – Reuters: … is the news and media division of Thomson . Thomson is the …
- For Genesis, a franchise surplus from the start – Automotive News: Genesis, the luxury brand launched last year by Hyundai Motor Co., already has more franchises than the company says it wants. As of Jan. 1, there…
- The incredible shrinking GM – Automotive News: Just look at what has happened to GM in the past 15 or 20 years — starting in 2000 when it bought a 20 percent share of Fiat Auto with $2.4 billion in…
- A peek at potential Tesla Model S fighter styled by Pininfarina – Automotive News: A potential rival to Tesla’s Model S will be unveiled this week at the Geneva auto show as Chinese electric-car startup Hybrid Kinetic Group reveals its…