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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
The Peugeot family has offered to surrender control of PSA/Peugeot-Citroen as the carmaker revive plans forging closer connection with General Motors' Opel through a capital injection, sources told Reuters. Any agreement merging PSA with Opel would encounter major political opposition since it would result to more site closures and job losses in France and Germany, people privy with the talks told Reuters.
The Peugeot clan is turning to GM after shoving away other potential investors like Dongfeng Motor Group, which is PSA's production partner in China, the sources said. One of the sources told Reuters that PSA is trying to convince GM to merge the French carmaker and Opel since both have the same problem -- excessive production capacity.
The source noted that now that the Peugeot family has accepted that they will lose control of PSA, "this no longer an issue." The Peugeot family owns a 25.4 percent stake in PSA, giving the clan a 38.1-percent command of voting rights in the carmaker. On the other hand, GM holds a 7-percent stake in PSA.Read the entire article Peugeot mulls giving up PSA control to General Motors
A General Motors plant in Germany may soon produce Peugeot and Citroën models, according to media reports and sources inside the German union. Last February, PSA Peugeot-Citroën and GM revealed that they are entering a global alliance. They plan to share platforms and component modules and form a global joint-venture.
PSA disregarded these reports, referring to them as “speculation.” However, German newspaper Frankfurter Allgemeine Zeitung claimed to have viewed model plan proposals that would result in the next-generation Citroën DS5 being built at GM’s Rüsselsheim plant in 2015. This was followed by the next-gen Peugeot 508 in 2016.
The model plans indicate that the two French cars would share a platform with upcoming Insignia models. One of these is a model dubbed by GM planners as the “Country Tourer,” which is expected to compete with the Audi Allroad, says Autocar. From these reports, it can be concluded that the C5 will be replaced by the next DS5. The reports indicate that the Rüsselsheim plant will have a three-shift operation if it will produce the Insignia, 508 and DS5.Read the entire article Upcoming Peugeot and Citroen models could be built at a GM factory
As the European auto market is on track for its annual sales to decline for the fifth year in a row, General Motors Co. said that it may be forced to write down its investment. Last March, GM acquired a 7% stake in PSA Peugeot Citroen. In a filing with the U.S. Securities and Exchange Commission, GM said that the amount at which GM is carrying the investment in Paris-based Peugeot surpassed its fair value as of June 30.
Dennis Virag, president of Automotive Consulting Group in Ann Arbor, Mich., said that GM believes that it made a “bad decision” and that it wasn’t a good investment. GM has said that it is planning to hold the investment until the value recovers.
As part of the solution, GM has partnered with Peugeot in order to stem losses related to GM’s losses of up to $16.8 billion in Europe since 1999. According to a filing posted last March, GM entered a deal to pay around 320 million euros ($423 million) for the Peugeot stake as part of an alliance that includes purchasing and vehicle development.Read the entire article GM may be forced to write down its investment in Peugeot
It’s not probable that the advanced technology in environment-friendly cars such as General Motors' Chevy Volt and PSA Peugeot Citroen's 3008 HYbrid4 would be shared between the two companies because of the alliance, according to Opel development chief Rita Forst.
At a recent industry conference in Munich, Forst said that she can’t imagine that any of the two companies would produce cars that use the other’s technology. According to industry experts, halo products such as the Opel Ampera extended range hybrid electric vehicle (which is sold in the U.S. as the Volt) is vital for the brand to be able to exhibit leadership and innovation.
In addition, these products help to boost demand for core volume models since customers would go to showrooms to look at the Ampera or the 3008 diesel hybrid but they would instead buy the less expensive Opel Astra or Peugeot 208. Toyota's Prius, the first full hybrid that has achieved commercial success, contributed in the transformation of the automaker’s image from being a latecomer in the development of future trends into one of the greenest brands in the industry.Read the entire article Report: GM will not share its advanced hybrid technology with Peugeot
General Motors Co and PSA Peugeot Citroen have expanded their existing partnership agreement to include a cooperation between GM unit Opel and PSA’s car delivery group Gefco, according to Opel chief executive Karl-Friedrich Stracke. GM and PSA signed an alliance agreement in February that would entail shared purchasing, logistics and the joint development and production of vehicles and components, hoping to save at least $2 billion annually.
Since inking the alliance in February, PSA has been strong in its position that several other technical partnerships would not be affected. However, the announced alliance expansion with GM drew flak from German carmaker BMW AG, which operates a joint venture with Peugeot known as BMW Peugeot Citroen Electrification or BPCE.
Under the agreement between GM and PSA, the alliance would employ one or the other partner's existing platform, or underlying design and component set -- instead of developing from nothing -- to built each of the first shared vehicles that would be launched from 2016. GM and PSA present offer the Opel/Vauxhall Corsa and Citroen C3 subcompacts as well as the Opel Insignia, Peugeot 508 and Citroen C5 mid-sized vehicles.Read the entire article GM and Peugeot expand alliance to include Opel and Gefco
Opel's parent General Motors Co. has announced on Thursday a cost-saving agreement with PSA/Peugeot-Citroen. As revealed by an insider on February 28, the accord will include job reductions at the two carmakers. This leaked information raised uncertainty about the future of the Bochum facility in Germany as well as the Ellesmere Port, England plant, which is operated by Opel's sister brand Vauxhall.
In the past few years, the two plants have been in limbo amid rumors that they would be closed. Now, Opel workers in these facilities may be rivals for survival, waiting and worrying in the process. On the other hand, the two automakers are considering the job cuts as a strategy to change the fate of a long history of bad results.
Konrad Goretzka, who works as an electrician at the Opel vehicle facility for more than 30 years, shared that he would never advise his son to start a career at Opel. Goretzka started as a trainee in Opel in 1978. He hopes that his son will not be left relying on the Opel plant for a job. Last year, the automotive division of PSA lost 92 million euros or $123 million. Since 1999, the operations of GM in Europe have lost $15.6 billion.Read the entire article Opel workers await impact of GM-Peugeot cost-saving agreement
PSA/Peugeot-Citroen is considering a rights offering of 1 billion-euro or $1.34 billion in order to raise funds in line with an agreement with General Motors Co., several insiders disclosed. GM will purchase around 7% of the Paris-based vehicle manufacturer and will take part in the new share sale, according to the insiders who sought anonymity due to the confidentiality of the discussions.
The Peugeot family is the biggest stakeholder of the French company with 30% of the share. The family has expressed its intention to participate in the rights offer, one of the insiders revealed.
In addition, the planned alliance with GM includes a restructuring at the two companies, resulting in job reductions and factory closures, said another individual who is familiar with the talks. This person further disclosed that Peugeot and GM are still discussing the specifics and will not publicize them for several weeks or months because of political concerns in France.Read the entire article PSA/Peugeot-Citroen plans $1.34 billion rights offering for GM deal
PSA Peugeot Citroen may sell around 7 percent share in the Paris-based carmaker to General Motors Co. as part of a development alliance, according to Bloomberg citing insiders who have knowledge of the situation. The company may announce the plans for the sale as soon as this week, the insiders disclosed.
The transaction would include a standstill agreement wherein GM would not have a greater holding in the French automaker without permission, according to the insiders who requested anonymity due to the confidentiality of the discussions. They further disclosed that Peugeot may present additional stocks through a rights issue in line with the transaction.
In a different report, Reuters cited sources who stated that GM may purchase a share of no greater than 5 percent. An alliance of Peugeot and GM may include manufacturing engines and vehicles together in the region, according to an individual who is familiar with the matter. GM spokesperson Klaus-Peter Martin declined to make a comment.Read the entire article PSA Peugeot Citroen may sell 7% share to GM, insiders revealed
Quite a number of cars have already reached an iconic status due to many reasons. One of these icons is the Peugeot 504 Coupe that was born in late 1960s. Around half a century forward to this year, the French carmaker is introducing the new Peugeot e-Legend Concept, which will be unveiled in metal at the 2018 Paris Motor Show.
According to Peugeot, the new e-Legend Concept represents a future of driving pleasure, in the guise of an iconic vehicle. In its case, the e-Legend Concept is a modern reincarnation of the Peugeot 504 Coupe. In shape and form, it is easy to see that the spirit of the 504 Coupe is living anew in the e-Legend Concept, which features a realistic yet radically modern template.
The new Peugeot e-Legend Concept is both the brand’s technological manifesto and vision into future. After all, Peugeot is seeing future mobility as one that is both electric and autonomous. With the e-Legend Concept, Peugeot is saying that such future won't be boring and can bring stronger sensations.Read the entire article 2018 Paris Motor Show: Peugeot 504 Coupe reincarnated as the autonomous, all-electric e-Legend Concept
Several years ago, on April 15, 2013, Ford and General Motors signed an agreement to jointly use automatic transmissions that both automakers had developed. This was developed mainly for models like the F-150 and the Mustang. For the former, their part of the deal was to share its own 10 speed gearbox to rear wheel drive cars with GM, and in return, they will be able to use the 9 speed gearbox which they can use in front wheel drive crossovers, for a smoother and more efficient drive.
The gearbox seen in this photo, the Hydra-Matic 9T50, which was originally introduced in Chevy models with the 2017 Malibu, 2017 Cruze Diesel and the 2018 Equinox will not find its way inside a Ford model. Rather, the automaker opted to use an eight speed box for models like the Edge and the MKX that replaces the Lincoln Nautilus.
So what made them change their mind? Well, Ford believes that GM’s transmission is not good enough to handle the extra weight that comes from the new gear. That is not all, because it also argues that it does not justify the increased cost required for it to adapt to the Ford models. AutoPacific Inc. analyst, Dave Sullivan, even joked that if he was offered a transmission that did not require much work, outside of tuning it for a specific vehicle, he would take it and run.Read the entire article Ford won’t use GM’s 9 speed automatic transmission due to cost, efficiency snags
Peugeot literally had just released their newest van, the family friendly Rifter, and a couple of hours later, they already have a concept version of it, which is the so called Rifter 4x4 Concept that they have designed to “explore large spaces” and adventures on any type of terrain.
What I have just mentioned isn’t hype. As proof, the all wheel drive was developed together with Dangel. This has a higher suspension compared to the standard model with 80 mm of additional ground clearance. The central console also has a selector where the driver could choose which of the three AWD drive modes he wants to pick.
There’s a 2RM with only front driving wheels for more efficiency, 4RM for when you want the power to be taken exclusively to the rear wheels, which could work on drifting, and last is a Lock mode where the rear axle is locked for maximum traction in extreme conditions.Read the entire article Peugeot Rifter 4x4 Concept is perfect for the adventurer with its all-terrain wheels, roof tent
General Motors has long faced issues in the European market. After years of experiencing losses, as well as weakening sales, the brand earlier this year sold off not only its Vauxhall brand but even the Opel brand. Opel is the main brand name that GM uses in Europe with the exception of the U.K. In the United Kingdom, Vauxhall, a British subsidiary of Opel, uses its very own brand name.
GM had disclosed that its European operations experienced a $257 million loss, the 16th year it had done so. GM would then sell the Opel and Vauxhall brands to the PSA Group in a deal valued at $2.3 billion.
For those familiar with the matter, the European operations of Chevrolet, known way back as Daewoo, was also halted in 2013. This was after the Chevrolet brand experienced losses amounting to $18 billion over several years. The phaseout was completed by the later part of 2015. Saab, which is another GM brand, was initially sold in 2010 before succumbing to bankruptcy by 2012.Read the entire article GM hints at possible full-scale comeback to Europe
Just last year, Cruise Automation was acquired by General Motors, and today, it is the self-driving startup that is gobbling up companies on its own. General Motors is stepping their game up once more. To make things easier for them when it comes to the development of autonomous cars, they decided to acquire California-based Strobe, Inc. Not a lot of you may have heard of this company, but Strobe specializes in LiDAR technology, and that is a huge step forward for companies who are into autonomous systems for automobiles. After the acquisition, Strobe engineers will become part of the automaker’s Cruise Automation team.
Julie Schoenfeld, Founder and CEO of Strobe, Inc., said in a statement that the successful deployment of self-driving vehicles will have to depend on the availability of LiDAR sensors. Furthermore, GM and Cruise will benefit from Strobe’s deep engineering talent and technology backed by a number of patents. And hopefully, the automaker brings these autonomous vehicles sooner than we would think.
LiDAR is different from radar systems because the former uses laser pulses to “see” an area, whereas the latter relies on radar systems to do the same thing. And the LiDAR, as we know, is much more detailed as it creates a better picture of its surroundings, which translates to a more accurate processing of information. In other words, the LiDAR system can see a more realistic picture of what’s around it - from cars, pedestrians, and the road. Therefore, the LiDAR systems will play a pivotal role in the current and future development of autonomous cars. However, radars and LiDARs can complement each other to create a more robust and fault-tolerant sensing suite, operating in a wide range of environmental and lighting conditions.Read the entire article GM gets closer to producing fully autonomous vehicles with acquisition of Strobe Inc.
Recently, we have been hearing news that some of the biggest automakers will not make an appearance at the upcoming 2017 Frankfurt Motor Show. Despite being one of the biggest motor shows, they seem to not be getting majority of the best brands - for this year’s event at least.
Normally, we would expect most brands to showcase their new cars here. But according to Automotive News Europe, companies like DS, Infiniti, Peugeot, Jeep, Fiat, Alfa Romeo, Mitsubishi, Volvo, and Nissan will not be attending the grand event this year. And these brands take up about 20 percent of total sales in Europe.
You must be wondering why then? Firstly, taking part in the biggest shows means spending more too. And the Frankfurt event is probably one of the most expensive events for automakers to attend. Furthermore, spending a lot of money to put your cars on display in these events doesn’t necessarily translate to more sales. So sometimes, these companies lose more money than they expect to earn.Read the entire article 9 major automakers will not attend 2017 Frankfurt Motor Show
Not everybody can get their hands on a race car, most especially if they are not a licensed race car driver. But there is one race car out there that anyone can buy: the Peugeot 308 Cup.
Peugeot is notorious for building insane race cars, and they have gained championships in almost every field of motorsport - from Dakar to Le Mans, and many more in between. Group B may be somewhat hard to reach, but if you can give some extra cash to Peugeot, they can give you something that might interest you.
You can have the Peugeot 308 Cup that I was telling you about earlier, as part of your collection, a track toy, or you can even use it to join racing events all over the world. And there are hundreds of tracks you can choose from including the VLN at the Nordschleife and the TCR series.Read the entire article You can now race with your very own Peugeot 308 Cup
The primary suggestion of a 4x4 ute from French company Peugeot was first revealed in 2016. Fifteen months later, the production version is launched. Now, Peugeot is not shying away from keeping it simple with its newest member of the family, a pickup truck called simply and appropriately the "Pick Up".
The French marque added a brand new pickup to their line-up after a 3-year break following the axing of the 207-based Hoggar. The coupe utility was produced for South American market, but the brand new "Pick Up" will be produced exclusively for the African Market and will basically be the French company's variant of the Zhengzhou Nissan Auto (ZNA) Rich New.
The new model is the Dongfeng-produced pickup truck closely based on a 1st-gen Frontier/Navara (D22) previously unveiled in the year 1997. The latest Pick-Up's origin is easily spotted, as the modifications are restricted to the altered grille and slightly enhanced graphics of both the headlights and the taillights.Read the entire article Peugeot re-enters pickup market with an all-new
After Peugeot 308’s sole image was revealed a few weeks ago, the French marque is now sharing more information about its new five-door hatchback. The diesel-powered 308 GT will be receiving a new 8-speed automatic gearbox plus minor tweaks inside and out according to the latest update.
Considering the “new facelift”, this is also the most understated exterior makeover we’ve seen on a Peugeot in recent years. The changes on the LED lights are not very noticeable but the redesigned hood somehow makes up for the lack of novelty. There’s a new bumper design on top of that which is visible enough along with its slightly modified vents and new fog lamps.
Unlike what we expect, the most significant element of this new update goes under the hood. Peugeot discloses there will be a new 180-hp diesel variant of the 308 GT and that it will feature a special 8-speed automatic transmission. Developed in collaboration with Aisin, this new gearbox will provide the 5-door hatch with a smoother and more efficient response as compared to the former 6-speed variety.Read the entire article 2018 Peugeot 308 Facelift to offer new safety suite, 8-speed AT and diesel variant
Self-driving sports utility vehicles from Peugeot may soon hit the roads as part of a project to test fully autonomous vehicles. The French carmaker has entered into a strategic partnership with nuTonomy – a self-driving car startup that had been formed at the Massachusetts Institute of Technology (MIT) in 2013 – to have the Cambridge-based company install and implement its self-driving technology into Peugeot’s 3008 SUV.
Once nuTonomy’s software system has been fully installed into the Peugeot 3008 SUV, the partners will commence on-road testing of the self-driving vehicle in Singapore. The partnership is eyeing – ultimately -- to deploy thousands of fully autonomous cars in cities around the world.
As agreed, the initial phase of the partnership will entail nuTonomy having to seamlessly integrate its autonomous vehicle (AV) system – including its software, specialized sensors and computing platforms -- into the Peugeot 3008 SUVs. The partners consider the seamless integration of the AV system with vehicle hardware as a critical step toward deploying self-driving vehicle in large numbers and over extended life cycles.Read the entire article Peugeot and nuTonomy collaborate to test and deploy self-driving in Peugeot 3008 SUV
Those familiar with the auto industry know that when it comes to having the fastest vehicle on the market, Peugeot is likely not going to be at the top of that list. However, when it comes to motorsports, it is where the brand excels. The brand for instance has managed to rack up a number of wins in various races, particularly in the 24 Hours of Le Mans. With reports coming in that Peugeot is set for a comeback, fans are more than excited.
It does not mean though that fans get nothing while waiting as Behance designers Yung Presciutti and Monholo Oumar revealed how they thought a futuristic race car of Peugeot would look like. Looking at the design alone, one can clearly say it is exceptional. Nicknamed as the 905_e, the designers show different versions, all of which appear to be apt for racing. Their 905_e version is so remarkable than when compared to the Vision Gran Turismo that Peugeot is actually releasing, the latter becomes dull in comparison.
That being said, it will be a different story when Peugeot does make a return to the celebrated endurance race. It was in late March of this year when the brand said it was looking into the possibility of joining the Le Mans 24 Hours. Peugeot however added that it will only do so if the costs of joining the race decrease. In an interview held during this year’s Geneva Motor Show, Peugeot Jean-Philippe Imparato said that the brand set three conditions it needed to meet in order to make a return to the Le Mans 24 Hours.Read the entire article Peugeot 905e Concept is something we do want to see for real
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