PSA takes over Vauxhall and Opel from GM

'Performance plan' for release within 100 days.

- Advertisement -

Vauxhall has new French owners – PSA Group has announced that the purchase of the British brand and its German Opel sister has now been completed.

The acquisition from US giant General Motors will make PSA Group, which owns Peugeot, Citroën and DS Automobiles, the second biggest car maker in Europe after Volkswagen Group. PSA now has around 17% of the market.

PSA insists that under its leadership – which ends 88 years of Vauxhall-Opel ownership by GM – the two manufacturers will retain their identities and be operated as ‘iconic German and British brands.’ “We are witnessing the birth of a true European champion today,” commented PSA chairman Carlos Tavares.

“We will assist Opel and Vauxhall’s return to profitability and aim to set new industry benchmarks together – we will unleash the power of these iconic brands and the huge potential of its existing talents,” Tavares adds. “Opel will remain German, Vauxhall will remain British – they are the perfect fit to our existing portfolio of French brands Peugeot, Citroën and DS Automobiles.”

Performance plan

PSA now intends to produce a ‘performance plan’ for the two brands within 100 days, the aim being to return them to profitability of 2% by 2020 and 6% by 2026. However the future of Vauxhall’s UK plants at Ellesmere Port, which builds the Astra, and Luton, producing the Vivaro van, could remain uncertain for some time.

Part of the future plans will no doubt involve model sharing which has been going on between PSA and Vauxhall-Opel since 2012. The Vauxhall/Opel Crossland X and Grandland X both share platforms and are built with Peugeot’s 2008/3008 range, while the next Corsa, due to 2019 will also be a joint product. The makeup of light-commercial vehicles are also shared with PSA.

Vauxhall Crossland X front 3/4
New Crossland X SUV platform-shared between Vauxhall/Opel and PSA.

- Advertisement -
Andrew Charman
Andrew Charman
Andrew is a road test editor for The Car Expert. He is a member of the Guild of Motoring Writers, and has been testing and writing about new cars for more than 20 years. Today he is well known to senior personnel at the major car manufacturers and attends many new model launches each year.

Latest Expert Advice

Vehicle thefts increase by 56% in four years

Thefts of motor vehicles across Britain have risen by 56% in four years, according to police data obtained by RAC Insurance.

Drivers facing petrol price rises as lockdown eases

The average price of fuel went up in June, ending three months of price drops as lockdown eased – but it's still cheaper than in January.

Latest Expert Ratings

Polestar 1

The Polestar 1 is the first car from Volvo's new electric car brand. It has received positive media reviews, albeit with some reservations.

Vauxhall Corsa-e

Initial reviews of the Vauxhall Corsa-e have been positive, and the electric model's Expert Rating is notably better than the regular Corsa.

Hot new Cupra el-Born EV unveiled

Cupra has unveiled its first production-ready EV with the new el-Born – a model that was originally meant to wear a SEAT badge.

Peugeot 108 updated with new colours and options

Peugeot has given its 108 city car a refresh for 2020, adding new colour choices for the exterior as well as upgrades inside the cabin.

Vehicle thefts increase by 56% in four years

Thefts of motor vehicles across Britain have risen by 56% in four years, according to police data obtained by RAC Insurance.

Renault Grand Scenic and Koleos get the chop

Renault has dropped the guillotine on two of the largest models in its range – the Grand Scenic people carrier and the Koleos SUV.

More from The Car Expert

Expert Advice

Award-winning, independent and impartial advice on buying, financing, owning and running a car

Expert Ratings

We analyse and aggregate dozens of media reviews for each new car into an overall Expert Rating

Expert News

All the most important new car launches, model updates, car reviews and industry news

Expert Partners

Our new space for commercial partners to bring you special offers on their products and services

What are your thoughts? Let us know below.