General Motors (GM) is in the high-level negotiations for the sale of the European operations, including Opel and Vauxhall brands, to the French-based PSA group, the controls, Citroën DS and Peugeot.
The negotiations, confirmed on Tuesday that the centre, to take plans for the PSA, a majority of General Motors’ European subsidiary Opel and Vauxhall, in a deal that could industry a significant impact on the European car.
“In the course of our talks on the expansion of the (current) cooperation, we are also talking about the purchase of Opel,” a PSA spokesman Handelsblatt said the German newspaper “”.
The forthcoming negotiations will revolve around a full merger of operations between Opel, Vauxhall, Citroën, Peugeot and DS, and come after previous attempts to closely align the operations of the German and French car manufacturers.
GM has been particularly active in recent years in the search for a broad-based cooperation with Peugeot in an attempt to reduce costs and to increase profitability at Opel and Vauxhall
But a full-blown merger between the American car giant Peugeot was torpedoed in 2013, when GM a 7% stake in French state-owned car maker is suddenly sold.
No official confirmation of the ongoing negotiations for the sale of Opel and Vauxhall from GM.
Meanwhile, the PSA confirmed that it was in direct dialogue with GM, but his dealings with Opel and Vauxhall have recently around the possible expansion of the current projects, including plans is available in various models between the two car manufacturers, the common platforms and powertrains.
It said in a statement: “the PSA group confirmed that they, along with General Motors, in the exploration of numerous strategic initiatives to improve profitability and operational efficiency, including a possible acquisition of Opel. There can be no assurance that an agreement will be reached.”
Industry insiders contacted, could play from Autocar PSA’s Chinese partner Dongfeng recommend a decisive role, including the provision of financial assistance in the possible purchase of Opel/Vauxhall.
Opinion: Why should the PSA want to buy Opel and Vauxhall?