Vauxhall to get new French owner?

Peugeot-Citroën parent PSA Group in purchase talks

- Advertisement -

Vauxhall and its German sister brand Opel could finally be divorced from American parent company General Motors, if talks underway with PSA Group prove successful.

PSA Group, which owns French brands Peugeot, Citroën and DS Automobiles, has announced that it is in talks with GM over a purchase of Vauxhall and Opel, seven years after the American giant came very close to selling its loss-making European division.

According to industry title Automotive News Europe, Vauxhall and Opel have since cost GM $8 billion, having last made a profit in 1999. There had been hopes of breaking even in 2016 but these had been scuppered by the vote by the UK to leave the European Union.

The talks over PSA taking the majority interest in Vauxhall-Opel, with GM retaining a stake, are rumoured to be at an advanced stage but neither party is admitting so.

Similar statements

PSA has issued a statement saying that “Since 2012, General Motors and PSA Group have been implementing an Alliance covering, to date, three projects in Europe and generating substantial synergies for the two groups.

“Within this framework, General Motors and PSA Group regularly examine additional expansion and cooperation possibilities, as well. PSA Group confirms that, together with General Motors, it is exploring numerous strategic initiatives aiming at improving its profitability and operational efficiency, including a potential acquisition of Opel. There can be no assurance that an agreement will be reached.”

Vauxhall Crossland X 02
The forthcoming Vauxhall Crossland X SUV is built in a joint project with PSA Group.

GM has issued a statement that virtually matches that of PSA.

The combined sales of Vauxhall-Opel and PSA’s brands would total around 2.5 million, making it the second largest group in Europe after the Volkswagen Group.

The two are already co-operating in practical terms. The Peugeot 2008 and 3008 are being built together with Vauxhall-Opel’s two new crossovers, the Crossland X and Grandland X, on the same platforms.

- 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

How to understand a PCP car finance quote

Thousands of people look at a PCP car finance quote and are hopelessly confused by all the different numbers. Cut through the confusion with this guide.

What to expect as car dealerships in England reopen

Car dealerships in England have been allowed to open from today, but what safety processes should you expect to see in place?

Latest Expert Ratings

Hyundai Kona Electric

The Hyundai Kona Electric been highly praised by the media for its 250+ mile driving range and its overall practicality.

Jeep Renegade

The Jeep Renegade has received average media reviews. Its Expert Rating of 60% is poor and ranks it only 18th out of 20 cars in its class.

BMW unveils eye-catching new 4 Series Coupé

BMW has revealed its latest-generation 4 Series Coupé, debuting a dramatic new design ahead of its market launch in October.

Citroën releases UK pricing for updated C3

Citroën announces pricing and specifications for its refreshed C3, which brings a sharper exterior look alongside efficient new engines.

Euro NCAP announces big changes to safety testing

Car crash test procedures are getting their biggest overhaul in a decade to improve occupant safety and improve post-crash protection.

Car insurance providers told to allow delayed payments

Car insurers have been told to waive fees and allow for delayed payments to help customers in financial difficulty due to the coronavirus.

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.