Cars
General Motors is keeping its Opel/Vauxhall European brands, despite losing money. In an attempt to reduce costs, utilize its plants’ output and face the European financial crisis, it has formed an alliance with PSA Peugeot Citroen.
- Gm And Psa Peugeot Citroen Reportedly Considering European Merger
With GM’s European Opel/Vauxhall brands and PSA Peugeot Citroen losing money as well as market share fast, the two groups are looking for ways to make the best out of the alliance they formed on February 29. Under the initial agreement, GM paid...
- European Carmakers Must Deal With The Crisis Fast Or Face The Consequences
A number of European carmakers are facing the same problem: they have more facilities and employees churning out more cars than they can sell. Automotive CEOs acknowledge the fact and understand that something needs to be done about it. Fiat’s...
- Sources Say Gm Wants To Acquire 5 Percent Stake In Psa Peugeot-citroën As Alliance Talks Progress
A merger, a tie-up, an alliance or a collaboration, whatever you call it, at the end of the day, it all boils down to one thing: how well two automakers can work together in order to minimize costs and maximize profits. As previously reported, General...
- Gm Officials Shocked By Opel & Vauxhall's Latest Losses, Demand Much Deeper Cuts
It surely came as no surprise to General Motors executives that their European division is once again, bleeding cash. After all, they knew that Opel and Vauxhall had already lost US$580 million in the first nine months of 2011. However, as the Wall Street...
- Fiat Rumored To Be Interested In Buying A Majority Stake In Opel
Not long ago, the Fiat Group was partially in the arms of General Motors and in deep financial woes with many analysts then questioning the automaker's future. Now, the Italians have emerged as an automotive powerhouse that's not only fighting...
Cars
Morgan Stanley Report Says GM Should Get Rid Of Cash-Bleeding Opel
General Motors is keeping its Opel/Vauxhall European brands, despite losing money. In an attempt to reduce costs, utilize its plants’ output and face the European financial crisis, it has formed an alliance with PSA Peugeot Citroen.
Yet analysts are not convinced that any rescue plan GM may have devised for its ailing European brands can succeed. In fact, Morgan Stanley analyst Adam Jonas said that, while it might be costly right now, selling Opel is in GM’s long-term interest.
Read more »- Gm And Psa Peugeot Citroen Reportedly Considering European Merger
With GM’s European Opel/Vauxhall brands and PSA Peugeot Citroen losing money as well as market share fast, the two groups are looking for ways to make the best out of the alliance they formed on February 29. Under the initial agreement, GM paid...
- European Carmakers Must Deal With The Crisis Fast Or Face The Consequences
A number of European carmakers are facing the same problem: they have more facilities and employees churning out more cars than they can sell. Automotive CEOs acknowledge the fact and understand that something needs to be done about it. Fiat’s...
- Sources Say Gm Wants To Acquire 5 Percent Stake In Psa Peugeot-citroën As Alliance Talks Progress
A merger, a tie-up, an alliance or a collaboration, whatever you call it, at the end of the day, it all boils down to one thing: how well two automakers can work together in order to minimize costs and maximize profits. As previously reported, General...
- Gm Officials Shocked By Opel & Vauxhall's Latest Losses, Demand Much Deeper Cuts
It surely came as no surprise to General Motors executives that their European division is once again, bleeding cash. After all, they knew that Opel and Vauxhall had already lost US$580 million in the first nine months of 2011. However, as the Wall Street...
- Fiat Rumored To Be Interested In Buying A Majority Stake In Opel
Not long ago, the Fiat Group was partially in the arms of General Motors and in deep financial woes with many analysts then questioning the automaker's future. Now, the Italians have emerged as an automotive powerhouse that's not only fighting...