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PSA seems very confident about conquering the world. The purchase of Opel/Vauxhall for €2.2 billion ($2.3B) from General Motors makes PSA the second largest car company, just behind the Volkswagen Group, but taking over Renault-Nissan’s spot.
Jean-Philippe Peugeot, a family shareholder of PSA, said that they have already discussed a potential acquisition of Opel back in 2012, as early as when the General Motors made a deal with the French company. However, it was not the right time for the marriage of both companies so they waited until this year to announce their plan to the public. He also added in his interview with a German newspaper that PSA wants to go global in the coming years. Thus, the goal was set to “conquer the rest of the world step by step”.
The acquisition includes: Opel/Vauxhall’s automotive operations, the brands they carry, assembly and component manufacturing facilities, an engineering center in Deutschland, and all their employees. Now that Opel is part of the PSA group. It is a big help for the company’s plan to achieve important economies of scale, and this means manufacturing at least three million cars for a core market. Robert Peugeot (Chairman of the PSA Group’s strategy committee) further explained himself and said that “all large carmakers have a volume of three million cars in one important market.Read the entire article PSA-Opel marriage sets out to conquer the world
Now, it has been signed. Discussions over the possible acquisition of Opel/Vauxhall from General Motors by the PSA Group have finally reached a conclusion. The parties, including international banking group BNP, have finally inked an agreement in which GM is selling both its automotive and financial operations in Europe for a whopping EUR2.2 billion (around $2.33 billion).
According to the terms of the agreement, PSA will be acquiring Opel and Vauxhall – GM’s automotive operations in Europe – for EUR1.3 billion (around $1.38 billion). PSA and BNP Paribas are forming a 50-50 joint venture to acquire the European operations of GM Financial at 0.8 times of its pro forma book value or around EUR900 million (around $953 million). Thus, the transaction – the sale of Opel/Vauxhall automotive operations and GM Financial’s entire European operations – has a total value of EUR2.2 billion.
PSA’s share of the entire transaction -- Opel/Vauxhall and half of GM Financial’s European operations – will cost the French group around EUR1.75 billion (around $1.85 billion). BNP Paribas’ share of the transaction – 50 percent GM Financial’s European operations – will cost the banking group around EUR450 million (around $476 million).Read the entire article PSA Group inks deal to acquire Opel and Vauxhall from General Motors
It looks like Opel/Vauxhall will have a new owner soon. This comes as the PSA Group and General Motors are currently holding talks over the possibility of GM selling its Opel unit to the French carmaker.
The discussions were first reported by Reuters and Bloomberg News, citing sources. In a recent statement, GM confirmed that the two carmakers are exploring several strategic initiatives with the objective of improving profitability as well as operational efficiency. GM added that the discussions included a potential acquisition of Opel Vauxhall by the PSA Group. GM also noted that the carmakers have been in alliance since 2012, with the partnership covering three projects in Europe.
Selling Opel to the PSA Group wouldn’t be an easy thing to do for GM. There are quite a number of financial, industrial and political considerations that needed to be factored in. That said, both GM and PSA could also earn some benefits from such transaction.Read the entire article GM confirms holding talks to sell Opel to the PSA Group
There may be a merging between Vauxhall-Opel, the European division of General Motors, with Peugeot-Citroen, according to media reports from France. The reports indicate that Vauxhall-Opel could merge into a new joint venture company with Peugeot-Citroen. GM, which would put in £6.2 billion for future product development, would own a 30% stake in the joint venture.
Automotive News Europe reported that this tentative plan is just one of several ideas being examined by the management teams of PSA and GM. One of the plans is to sell Opel outright to PSA. Another is that GM will buy PSA’s automotive division. No comments have come from either GM or PSA.
Currently, the alliance between GM Europe and PSA is focused on a variety of future models such as replacements for the Insignia and C5/408, a model to compete with Renault’s budget Dacia range, a super-economy supermini and a series of compact SUVs. There are some who think that the French Government won’t like the idea of a PSA-GME joint-venture.Read the entire article Opel/Vauxhall to merge with Peugeot-Citroen?
Opel will not build Citroen C5 and Peugeot 508 at its Ruesselsheim plant in Germany, dismissing a report by daily Frankfurter Allgemeine Zeitung as speculation. Citing a union official as its source, the daily reported that Opel will build the next generations of PSA/Peugeot-Citroen’s C5 and 508 cars at the Ruesselsheim site.
Frankfurter Allgemeine Zeitung quoted Armin Schild, a senior German union official, as saying that serious negotiations are ongoing. If the report is true, such a move from Opel, a unit of General Motors, would provide Ruesselheim with an extra 130,000 units of annual production, making the site more cost efficient by operating on three shifts.
Although GM and PSA currently have an existing partnership agreement, the area of manufacturing is not currently an element of the deal. The alliance between GM and PSA involves logistics, purchasing and engineering, according to Opel. PSA's Rennes site in France currently produces the C5 and 508, while Opel’s Ruesselsheim plant builds the sized Insignia and Astra models.Read the entire article Opel denies reports of deal to make Citroen C5, Peugeot 508 at its plant
The successor to the Citroen C5 will be produced by Opel, the European unit of General Motors Co. as part of GM’s alliance with PSA/Peugeot-Citroen, according to Jean-Luc Perrard, head of PSA's factory in Rennes, France. He confirmed to regional newspaper Ouest France that according to the existing plans, the replacement C5 mid-sized sedan will be built at a GM plant instead.
Rennes produces the C5, together with the Citroen C6 and Peugeot 508 mid-sized cars. In 2011, it reached a production volume of 182,300 units. Perrard didn’t say at which Opel plant exactly the C5 replacement (with a codename of X8) would be made.
Notably, the Insignia mid-sized car is built at Opel's plant in Ruesselsheim, Germany. Perrard said that the Rennes factory may produce other Peugeot and Citroen models to make up for losing the C5. He said that there’s no reason for the union to get worried that the plant will shut down in 2016 when the C5 replacement is expected to arrive, asserting that the company intends to invest 40 million euros at the site.Read the entire article Opel to build the Citroen C5 successor
By the start of the new decade, customers won't be able to buy a new Opel Adam. Opel Karl and Opel Cascada won't also be available. This is because Opel will stop selling the Adam and Karl city cars as well as the Cascada compact convertible starting 2020 as the carmaker shifts its focus and comply with future emissions regulations.
According to Opel, it will not replace the current iterations of the Adam, Karl and Cascada when they reach the end of their life cycles. However, the Adam, Karl and Cascada will still be sold until the end of 2019. That gives customers planning to acquire any of these to-be-ditched models more than a year to make their plans a reality. Opel said the decision was meant to help the carmaker comply with future carbon dioxide emissions guidelines and to help it shift its focus to high volume segments.
This decision to discontinue the Adam, Karl and Cascada forms part of greater scheme at Opel -- the PACE! Plan. This PACE! Plan is essentially a new product offensive meant to meet the needs of customers while ensuring compliance with the stiff carbon dioxide guidelines that will take effect in 2020.Read the entire article Opel will discontinue sales of Adam, Karl and Cascada by end of 2019
After teasing last month a brand new concept that would preview its next generation models, Opel has finally lifted the veil off its newest study – the new Opel GT X Experimental Concept. Essentially a five-door all-electric compact sports utility vehicle with the charm of a coupe, the Opel GT X Experimental Concept provides a glimpse on how will the carmaker’s future models will look like.
Opel chose a compact SUV to represent its vision for its future vehicles as SUVs are currently the hottest-selling units on the market. Underpinned by a lightweight architecture, the Opel GT X Experimental Concept has dimensions of 4,063 mm in length, 1,830 mm in width and 1,528 mm in height (including antenna), with 2,625 mm of wheelbase.
Staying faithful to the promise of the PACE! plan to offer an electrified version of each Opel model by 2024, the new GT X Experimental is designed as a fully electric compact SUV powered by a 50 kWh compact next-gen lithium-ion battery that can be charged with inductive charging. In terms of autonomous driving technology, the GT X Experimental offers Level 3 functions. This means that the concept can drive itself on all aspect, but the driver has to intervene when requested to.Read the entire article Opel GT X Experimental Concept previews new theme and face of its next-gen model
The Opel Grandland X indeed has French roots, but we know that it also has taken some German lessons, especially now that Opel is positioned underneath PSA’s umbrella. Without a surprise, people from Rüsselsheim had just made an announcement regarding this.
Grandland X will now be powered by a 1.5 liter four cylinder turbodiesel that can be ordered from Peugeot 3008-based Grandland X, giving an output of 130 horsepower (96 kilowatts) and a maximum torque of 300 Newton metres (221 pound feet) which can be accessed from 1,750 rpm.
This engine could be paired with either of the two transmissions: a standard six speed manual transmission, that lets it burn 4.1 to 4.2 liters per 100 kilometers in the combined cycle, or an eight speed automatic transmission that burns a little less, at 3.9 to 4.0 liters for every 100 kilometers. The PSA-sourced mill now replaces the former 1.6 liter diesel, which offered less power (120 horsepower / 88 kilowatts), and used up more fuel (by 4 percent) too.Read the entire article 2018 Opel Grandland X gets PSA’s new 1.5 liter diesel
After Opel’s launch of the Insignia GSi last year in a liftback and a wagon body styles, Opel is ready to add the “GSi” badge on the Corsa. This will probably be the last variant for the current generation of the supermini, and the hot hatch version will have a three door body style to make it stand out from the lesser models of the range. Standard features that it will get include larger air vents, a honeycomb front grille, red brake calipers, a chrome exhaust tip, and a new set of 18 inch wheels.
The Opel Corsa GSi’s main highlight will be the Sport chassis that it borrowed from the hardcore OPC version that makes the hatchback feel more nimble around the corners. It had also been equipped with a beefier roof mounted spoiler that will boast the model’s visual appearance, while also generating extra downforce to keep the car close to the road when it is going fast.
At this moment, the automaker has not shared photos of the car’s interior cabin, but we do know that customers will be given the possibility to upgrade to Recaro seats if they are willing to spend a little more. There is also a leather wrapped sports steering wheel, as well as the leather wrapped sporty gearshift knob. An aluminum sport pedal set finishes off the upgrades in the Corsa OPC’s cabin.Read the entire article 2018 Opel Corsa GSi now has a sport chassis from OPC variant
Several days ago, Citroën took the wraps off their all new family car, the Berlingo in the digital world. And now, its brother from Rüsselsheim has just unveiled what they describe as the family’s best friend. And that is the 2018 Opel Combo Life. The reason why it was given that nickname is because it features a spacious cabin that fits every member of the family (even your dogs), while having a high level of flexibility too.
In fact, customers who intend to purchase this vehicle will appreciate that it can come with either five or seven seats, one or two rear sliding doors, and a choice between a short (4.40 meters) and a longer (4.75 meters) version of it - this explains its flexibility.
The Combo Life is actually perfect for those of you who are not fond of the Berlingo’s eccentric style elements, as the former looks more conservative when looking at the exterior design. If you choose the shorter version, this will give you a cargo capacity of 597 liters beginning from the top of the back seat.Read the entire article Family-oriented 2018 Opel Combo Life scores high on storage and safety tech
Taxi commuters in Europe may find themselves getting comfortable in Opel flagship estates – the Insignia Sports Tourer and the Insignia Country Tourer. Yes, the German carmaker now part of the PSA Group is offering its flagship estates as a taxi unit for operators across Europe.
Both the Opel Insignia Sports Tourer and the Insignia Country Tourer have been proven to deliver a spacious and comfortable ride, with the benefit of added elegance and practicality. Now as taxi units, the Insignia Sports Tourer and the Insignia Country Tourer will offer the same high level of passenger comfort and cargo practicality that taxi companies could take advantage of.
Opel is offering the Insignia Sports Tourer and the Insignia Country Tourer as ex-works products. They are joining the carmaker’s ex-work taxi portfolio, which already include the flexible six-passenger Opel Zafira and the large Opel Vivaro van. As ex-work vehicles, the taxi versions of the Insignia Sports Tourer and the Insignia Country Tourer are already modified according to the specs of customer companies before they are picked up.Read the entire article 2017 Opel Insignia Sports Tourer now available as taxis straight from the factory
Have you been thinking of getting your hands on a Grandland X crossover, but you hesitate because it isn’t powerful enough for you? Well, you always have the option to head to an aftermarket tuner to have it modified or you can opt for Opel’s new solution. You could get the flagship 2.0 liter diesel in the model’s engine lineup, paired exclusively with an eight-speed automatic gearbox for a price of €37,320.
Let us get into its major details. First of all, the new trim is able to generate 177 horsepower (130 kilowatts) at 3,750 rpm, as well as a peak torque of 295 pound-feet (400 Newton-metres) at low 2,000 rpm. So far, it acts as the automaker’s most powerful engine available for the Grandland X. For the sake of comparison, it has 47 horsepower (35 kilowatts) more than the current Grandland X with the 1.2 liter turbo gasoline unit that carries out 130 horsepower (96 kilowatts) and 169 pound-feet (230 Newton metres) of torque. That should be enough power to give the freedom-loving crossover all the power it needs.
If you are a speed lover, like many of us are, this upgrade should keep you satisfied. It can do the 0-62 mile per hour (0-100 kilometers per hour) sprint in 9.1 seconds. But as an SUV owner, what you would really prioritize is the maximum trailer load, and this model can carry up to two tons. When it comes to efficiency, the NEDC measured that the vehicles need about 4.8 to 4.9 liters for every 100 kilometers (48-49 miles per gallon) on average, combined with corresponding CO2 emissions of 126-128 grams CO2 per kilometer.Read the entire article 2018 Opel Grandland X now gets a new range-topping diesel model, Ultimate trim
Since its release in 2014, the Citroen C4 Cactus has always been loved by car enthusiasts, thanks to its quirky look. But for 2018, it seems like the French automaker plans to give the compact hatchback a more conventional look instead. Aside from that, the automaker will be giving it substantial upgrades, inside and out - from a softer suspension to a floating-roof design. Plus, customers will have over 31 exterior combinations to choose from.
But if you were a huge fan of the C4 Cactus’ original look, there’s nothing to worry about because some of the design cues still carry over. These include the Airbump side panels but these have been minimized and moved further down to the bottom sill. The sleek headlights also remain from the 2014 model year. The company explains that the C4 will still be bold, while it “gains enhanced status”.
For the exterior, customers can choose from nine colour options including Polar White, Platinum Grey, Sport Red and some others. The body can then be paired with your choice of five different alloy wheels - from 16-inch grey and black square designs on the lower trim models, or the 17-inch cross wheel that is available in several colours too.Read the entire article Citroen C4 Cactus scraps quirky look for a more mainstream guise for 2018
You can now get the Opel Crossland X that’s LPG-powered if you are not a fan of diesel. Recently, the company released their version of the Peugeot 2008 equipped with a 1.2 liter three-cylinder engine running on liquified petroleum gas, that is hooked to a five-speed manual gearbox only.
This version enables it to carry out 81 horsepower (60 kilowatts) and is marketed to budget-conscious buyers who want to save money on gas. The Rüsselsheim- based company, who is also part of the PSA Group, did not give any information regarding the crossover’s performance, but we do think that it is going to be exciting to try an overtake cars with its tiny engine.
But that’s not the main feature of this vehicle. What matters more with the LPG-compatible car is its fuel efficiency. To give you some numbers, the Opel Crossland X will be needing 8.4 liters in the city, 6.0 liter extra-urban, and 6.9 liter combined in the LPG mode. On the other hand, it will consume 6.8 liters in the city, 4.5 liters extra-urban, and 5.4 liters combined on gasoline mode - that is with CO2 emissions of 123 grams per 100 kilometers.Read the entire article An LPG-powered Opel Crossland X is now available
Opel tuning specialist Irmscher Automobilbau GmbH and Co.KG are now offering body and tuning kits for the brand’s latest crossover lineup. The package consists of a new front grille with a minimalistic approach. Customers can also avail this without Opel’s signature badge along the middle which they can have either with carbon fiber or chrome accents.
Included too are the new side steps that are offered with two choices of finish whether matte black or stainless steel polish. Irmscher also brings to its customers a stainless steel rear protector, a new set of 20 inch alloys with twisted spoke design while the 17-inch to 19-inch wheels come with several different styles.
The German tuning company is not only good at enhancing the Grandland X’s exterior but it can also do wonders to its performance as well. The tuning kit it provides an additional 25hp (19kW) output on both diesel and gas engines. Irmscher can adjust the ride height by at least 30mm or 1.2 inches down for those who want their crossovers to look a little bit closer to the ground.Read the entire article Irmscher-tuned Opel Grandland X receives subtle upgrades and 25 hp boost
Despite being less powerful than its predecessor, the latest Opel Insignia GSi proved it can run quicker by twelve seconds at the Green Hell. While not everyone was expecting this from the new sedan’s 260hp (193kW) and 295lb-ft (400Nm) of torque, the new GSi proved itself to be much lighter and a more performance-focused version of the former OPC variant.
The new Opel Insignia GSi offers an updated version of the 2.0-liter turbocharged engine which is paired to an eight-speed automatic transmission and runs with an all-wheel drive system. To test its performance, Opel brought the sports sedan to Nurburgring with the help of Volker Strycek, a former DTM racecar driver and Director at Performance Cars and Motor Sport.
The result was beyond exceptional after the new GSi was able to outperform the old OPC variant on the tracks. It is rather unfortunate that Opel had not provided an official lap time but being 12 seconds faster is nonetheless pretty impressive and very promising.Read the entire article 2018 Opel Insignia GSi beats outgoing OPC version at Nurburgring
Earlier this week, Opel introduced us to their new biturbo four-cylinder 2.0 liter diesel engine which is already being used in the Insignia GSi Sports Tourer that was unveiled on September 7. At 4,000 rpm, it has the exact same output of 210 horsepower (154 kilowatts) an and a pretty generous maximum torque of 354 pound-feet (480 Newton-metres) attainable at 1,500 rpm.
The two-stage turbocharging diesel engine in the sporty midsize wagon from Opel can let the Insignia sprint from 0 to 62 miles per hour (0-100 kilometers per hour) in just 7.9 seconds before continuing to its top speed of 144 miles per hour (231 kilometers per hour).
If a powerful torque isn’t what you look for in a car, and instead prefer a smoother ride, you can always opt for the 2.0-liter gasoline engine from the hatchback revealed back in July, as this will also be available in the Sports Tourer. This engine has as much as 260 horsepower (191 kilowatts) and 295 pound-feet (400 Newton-metres) of torque. Not only does this make the Sport Tourer a much faster car as it can now complete the sprint in 7.5 seconds, but it will now achieve a top speed of 152 miles per hour (245 kilometers per hour).Read the entire article 2018 Opel Insignia GSi Sports Tourer is now available with biturbo diesel engine
Several days ahead of its world debut, Opel throws in a surprise by adding a new range–topping biturbo diesel as part of Insignia’s 2nd generation lineup. The 210 hp (154kW) 2.0-liter biturbo diesel variant, which will come paired with an eight-speed automatic gearbox and all-wheel drive system will be sharing the stage with Opel Insignia’s GSi and Grandland X compact crossover at the 2017 Frankfurt Motor Show this coming week.
The Euro-spec 2.0 biturbo diesel version should be able to take off at 0-60mph (0-100km/h) in 7.9 seconds before hitting a top speed of 145mph (233km/h). Offered within the entire range of Insignia variants such as the Country Tourer, Sports Tourer and Grand Sport, the newest addition to the diesel range should be ready for taking orders any day now as it is slated for production shortly after the premiere.
Opel places the 2.0 biturbo at the top of the line, meaning it’s also more expensive while offering more benefits than the single turbocharger. The two-stage turbocharging technology or BiTurbo provides better output and lower fuel consumption as compared to the existing 125kW/170PS 2.0-liter diesel unit. The Biturbo version packs a powerful output of 154kW/210hp at 4000 rounds per minute and 480 Newton Meters of torque from 1500 rpm. Other than the Insignia model range, Opel’s biturbo diesel is being offered with the Movano midsize van, the Vivaro minibus and the Astra C-segment model line.Read the entire article Frankfurt: 2018 Opel Insignia receives new 2.0 Biturbo diesel
Now under PSA, German carmaker Opel will make its presence ultimately felt at the upcoming 2017 Frankfurt Motor Show. Barely three weeks before the 67th International Frankfurt Motor Show starts, Opel already disclosed its lineup of new vehicles that will make their world debut in Frankfurt.
According to Opel, its presence in the Frankfurt Motor Show will be marked by unveiling new offerings that will signify the brand’s new credo “The future is everyone’s.” These vehicles include: the Opel Grandland X sports utility vehicle; the Opel Insignia GSi sporty limousine or station wagon; the Opel Insignia Country Tourer rugged all-rounder; the Opel Vivaro Tourer passenger van; and another version of the Vivaro space shuttle. These new vehicles would be displayed at the Opel Stand D09 in Hall 8.0 of Messe Frankfurt.
Opel hopes to capture a chunk of the booming SUV market with the new Opel Grandland X. Measuring just 4.48 meters and being impressively equipped, the new Grandland X will be the third member of the Opel X, competing in the compact SUV segment. Designed to comfortably accommodate up to five people, the Grandland X would feature an off-road appearance, an elevated seating position, and good all-round visibility as well as be fitted with a host of top technologies that includes Advanced Park Assist, Automatic Cruise Control, Automatic Emergency Braking, Driver Drowsiness Alert, and the 360-degree camera. It also features Adaptive Forward Lighting (AFL) LED headlamps and the optional electronic IntelliGrip traction for best traction and stable handling on snow, mud, sand or wet surfaces.Read the entire article Opel to unveil Insignia GSi plus four other models at the 2017 Frankfurt Motor Show
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