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After months of speculation, General Motors and PSA today confirmed that the German brand Opel and is the UK subsidiary -Based Vauxhal Motors was sold to the French company PSA Peugeot and Citroën product also purchase activities European GM Financial in a deal that's expected to be completed by the end of 2017.
GM will receive $ 1 32 billion April 1 billion from March 2017 to Opel as 650 million to 689 million in cash and 670 million to 710 million in coupons PSA stock Another $ 900 million will be 954 million PSA and paid by BNP Paribas for Opel financing arm s, which will be operated by the French bank the entire transaction is valued at 2 billion 2 2 33 billion.
We are proud to join forces with Opel and Vauxhall are deeply committed to continue to develop this great company and accelerate its recovery, said Carlos Tavares, Chairman of the PSA We respect all that talented people have realized Opel Vauxhall and the company of fine brands and strong heritage We intend to manage PSA and Opel Vauxhall capitalizing on their respective brand identity.
For GM, this represents another important step in the ongoing work that is driving our performance improvement and accelerate the momentum we rebuild our business and deliver consistent results for our owners record by the disciplined capital allocation our most profitable investments in our core automotive business and in new technologies that allow us to lead the future of mobility, said President and CEO of GM and Mary T Barra.
General Motors has recognized that the sale of Opel to PSA will release resources for better opportunities in North America and China, as well as allow the automaker to return cash to shareholders GM also says that the European market has become so different from other major regions of the company that only 20 percent of vehicles in the Opel range was shared with GM products the company also provides cash deal to release about 2 billion used to repurchase its own shares recall, GM is in the midst of an effort redemption after its 2009 bankruptcy.
As for its Buick and Holden brands are concerned, the two foundations of sharing with current vehicles Opel, the German automaker will continue to provide parts from GM and PSA will also work on electric car technology, so it is reasonable to assume that the US firm and Opel will continue to maintain strong ties, however, some Opel models will be limited to enter new markets abroad, while GM will likewise forbidden to sell similar technology in Europe said everything should GM plan to return to Europe with Chevrolet, it will develop its own cars without Opel Vauxhall technology.
PSA, which has now overtaken Renault to become the second largest European carmaker after Volkswagen, Opel promised to return to profit after more than two decades of losses Using the same strategy that saved PSA to go under, the French aims a two percent profit by 2020 and six percent of the profit in 2026 at the same time, PSA provides economies of common costs of about 1 7 million January 8 millions.
According to Tavares, the next generation Opel Corsa will be the first vehicle to benefit from the new subcompact joint venture will arrive in 2020.
Opel sign on the dotted line with an average size four important doors.
As for the major automotive deals in Germany, Opel is not usually the first name to pop up but it is not for lack of trying the brand is well established in several international markets, with its flagship Insignia sedan head , packing key high-end market price initially unveiled in 2008 at the International British Motor Show, the midsize Insignia hasn t failed to make the sale, with more than 900 000 displaced units since its introduction and variety of awards given now, as we approach quickly 2017, Opel said it is dead set on the launch of 17 new models, including the new generation Insignia with an unladen weight, more technology, a new architecture and a new style, new generation of Opel flagship clearly is not pulling any punches.
The whole concept heavily Monza brand, found in 2013 at the Frankfurt Motor Show The new Insignia is responsible for introducing the side of the production of the latest evolution of the Opel design philosophy, and as such, is the adoption of a new name Grand Sport.
It is a title that should be reserved for models that offer superior comfort and style for the long term, more adequate or more than adequate prowess and speed when the feeling is right.
The new Insignia was perfect although a quick glance at the data sheet indicates that it's at least going in the right direction and that is a good thing, because the Insignia is more than a simple exchange Opel badges and change some of the equipment, and its Vauxhall UK Holden Commodore in Australia, and a Buick in China and the U S.
This makes this extremely important car for several big names, not just Opel But the question he remains what it takes to get out of the shadow of the Big Three German.
Continue reading to learn more about the Opel Insignia Grand Sport.
The largest car gets an elegant and new engines of the brand.
Introduced in 2008 to replace the Vectra, the Insignia is the premium sedan Opel and is sold in North America and China as Buick platform built on the same Epsilon II as the Chevrolet Malibu, the Insignia also gave birth to a wagon version and a crossover- as a model with a ground clearance and old plastic coating already eight years from 2016, the Insignia first generation is replaced with a brand new model which was spotted in prototype form by 2015.
While the sedan showed on the street many times and abandoned some of its camouflage in the process, the wagon version, also known as the Sports Tourer, was finally test taken for the first time, to bow down few months after the four-door model, the new car could finally make it on American soil with a Buick badge as the rumors that have been swirling around since 2015 crossover version called Country Tourer in Europe, could also cross the pond as Tourx Regal, Buick trademarked a name with the US Patent and Trademark office the new Insignia could also find its way to Australia as the next generation Holden Commodore now that GM has decided to cease production Down Under.
The details as to what the new Insignia Sports Tourer will bring to the table are still few, but until Opel reveals preliminary data, let's take a look more closely at what we already know about the next German car.
Continue reading to learn more about the upcoming Opel Insignia Sports Tourer.
Opel presented the Corsa fifth generation in 2014, replacing a model that was sold in various markets around the world for about eight years, despite the new Corsa is a new car, Opel is already working on the new version generation While this may seem a bit awkward, the reason is very simple current Corsa is not exactly new even if every body panel has been redesigned, the fifth generation of car is actually built on the same architecture, shared with the Fiat Punto, which makes more than ten years.
Likely to happen next year, the new Corsa, also known as F Corsa, will replace the current model of E for model year 2018 In October 2016, the pact is still being tested, and you will notice shots spy comes to receive the car is camouflaged bumper to bumper While the sedan is the most popular version of the car in Europe, we will discuss here the sedan not only an important vehicle for Opel in emerging markets, the Corsa four-door also spawn a new vehicle from General Motors.
The vehicle in the spy shots suggest a Buick version, but a Chevy is more likely that the waterfall grille is obviously a fake element that comes with camouflage, but more importantly, Buick Chinese equivalent of the Corsa, the sailing, was rebadged as Chevrolet a little over a decade ago under GM plans to revive the Buick sail and give the brand a subcompact car in China, the sedan that we try to not get Opel Vauxhall and Chevrolet logos.
Continue reading to learn more about the Opel Corsa sedan.
A version rebadged Bolt EV for non-US markets.
When Chevy Bolt EV announced in January, we knew that eventually would follow Opel and Vauxhall It took a while, but we finally started seeing spy shots of the Opel version, which is, of course, be called the Ampera e-We knew the spy shots that the Ampera-e is nothing more than a rebadged Bolt EV, and of course, he made his debut in Paris at the same search its American cousin with the exception of a few different badging the good news is that the Ampera gets -e advanced electric powertrain that promises bolt about 236 miles on a single charge it does not pack quite interesting and spacious interior with features such as connectivity Bluetooth phone, a Wi-Fi hotspot 4G LTE and a navigation system with EV-optimized routing.
If this power range sounds familiar, that art because it is identical to that of the EV Bolt here in the US which means that we know for sure, it not only looks the same, but motivated by the same powertrain But it is when it comes to competition as the Ampera-e will beat almost every EV here as far as the range is competition from rivals like the Fiat 500e, Volkswagen e-Golf and Renault Zoe is strong, but none of them offer up over 200 miles on a single charge with the original Ampera is a complete flop for GM, the Ampera-e may be able to save the name if Opel can actually get customers to give it a try.
That said, let a look more closely at the new Ampera E-and talk a little more about it.
Continue reading to learn more about the Opel Ampera E-2017.
American cars rarely take the stage in European motor shows, but it has happened often enough in recent years, especially with the sixth generation of Ford Mustang and several also World Safety Cadillac plates are Paris Motor Show this year featured a number of American vehicles, one of which is the Chevrolet Bolt However, don t go for it on the Chevrolet stand, as the compact electric car will be sold in Europe under the Opel brand And he called the Ampera-e.
If the name sounds familiar, it is because Opel already used for the Euro-spec version of the Chevrolet Volt But the extra e in the name makes a difference, suggesting that the new sedan has an all-electric powertrain And like his brothers and sisters Americans, he promises to return an impressive range.
Specifically, claims that Opel Ampera-e will be good for at least 500 km 310 miles on a single charge s of at least 100 km longer than any other vehicle in similar segments and can offer some 200 km more than the BMW i3 However, this range of 500 km could not be achieved in the real world After taking into account factors such as the characteristics of the road, weather conditions, driving style and load, Opel concluded that e-Ampera can travel for more than 380 km 236 miles.
The impressive range also comes with good performance figures such as a 0 to 50 km h 31 mph sprint 3 2 seconds and a top speed of 150 km h 93 mph All figures are courtesy of the battery of 60 kWh -PS 204 and electric motor 201 horsepower and 360 Nm 266 new Opel electric car pound-feet should arrive in showrooms in 2017.
German automaker Opel Meriva first offered in 2003, but because Opel is a subsidiary of General Motors, the model has a Chevrolet bowtie in South America and a Vauxhall badge in the UK Based on the third generation Corsa C, Meriva was Styled as versatile vehicle MPV hatchback that offered seating for five passengers and a large rear cargo area and a selection of conservative petrol and diesel engine options in 2010, the Meriva received a second generation, with larger exterior and a new six-speed automatic transmission with a facelift followed in 2014, and now there seems to be a third generation to the horizon Nothing official has been revealed for now, but is expected the new model will have a makeover esque crossover-, as well as some interior significant improvements.
Fueling the speculation is the recent publication of a series of spy pictures, which show a test mule on public roads and wide camouflage trimmed Our undercover photographers have also managed to grab some shots of the cab and well most of it is under cover, we now have a good idea of what the production model could offer in the market.
The Meriva is one of the cars scheduled to arrive as the product of a strategic partnership between PSA Peugeot Citroën and GM, which joined forces in 2012 in the hope of co-development models for the European market some say that partnership is in the process of a divorce, which means that the third generation Meriva could very well be part of the first and the last wave of vehicles put forward by the tie-up.
We'll have to wait and see if this is the case, but for now, read on for my speculative examination of the new Opel Meriva.
Continue reading to learn more about the future Opel Meriva.
After three years on the market, the Opel Mokka gains a new front end, a redesigned interior, new engine and a new name.
Launched in 2012, the Opel Mokka has become one of the most popular mini sport utility vehicles in Europe, selling over 500,000 units in 2016. Although the German crossover t can be purchased in the United States with an Opel badge the Mokka is actually available on this side of the pond with a Buick grille, a new name and slightly different characteristics around since January 2013, the Buick yet is configured to receive a facelift for the 2017 model, but then we still see in the metal, its European twin has already been unveiled before its official debut at the Geneva Motor Show 2016 Show.
Unlike most facelifts, the Mokka's is quite large, with the crossover has received a fascia completely redesigned, an updated interior and a new larger engine again, the plate has won an X after Mokka and will be sold as Opel Mokka X now.
According to Opel, the X emphasizes a more adventurous and strong personality and will segment identifier for future Opel SUVs and Crossovers In other words, expect all the trucks coming Opel sport a badge X, whatever their names While new name Opel strategy won t affect the Buick products, I do not expect the Encore to borrow many of the Mokka X style elements Keep reading for more information on the new Opel compact crossover.
Continue reading to learn more about the Opel Mokka X.
It seems Opel is working on the next iteration of the Zafira's three-row MPV has been on the market since 2011 in its current configuration, and experienced a long growth in all tooth would welcome a new generation Opel seems to only work a refreshment, as seen in these spy shots.
The Zafira date in the history back to 1997 when Opel debuts seven places at the Frankfurt Motor Show in Germany the Zafira is on sale in 1999 and contributed to better the sub-brand General Motors competition in Europe and other parts of the world the first generation lasted until 2004, when a completely reworked Zafira debuted for the 2005 model year.
Ironically, when Opel replaced the second generation Zafira, he didn t stop production rather, the automaker continued to build the two sides side by side generation, commercialization of the second Zafira generation with a slight refresh that Zafira family has been split into smaller, cheaper alternative to the third generation Zafira Zafira family production ended in 2014, leaving the third-generation Zafira soldier.
Like the Zafira refreshed nears its official debut likely for the 2017 model, we should look more technical and mule spy shots like these if you want the latest news on the next Zafira, continue reading for all our run down of the spy shots.
Updated February 3, 2016 Our spy photographers caught the next Opel Zafira for another practice session, this time in cold winter conditions in Sweden.
Continue reading to learn more about the Opel Zafira, 2017.
The newest concept from Opel appears displaying what a real sports car is made.
Opel came up with some concepts in the past rather interesting Some, like the 2013 Opel Adam Rocks Concept, were more ready for production, while others were more intense as the 2013 Opel Monza And we do not forget the scandalous 2011 Opel RAK e concept that RAK e concept was so futuristic and out of this world as we knew it wouldn t be approaching production but a last Opel concept that is set to debut at the Geneva Motor Show in March.
This concept is called the haggard Opel GT concept and is a direct descendant of the Opel GT Monza and concept design of the Vice President for Opel Europe, Mark Adams, said: We created the GT concept to capture the audacious spirit , emotional brand Opel is dramatic, sculptural and full of innovation, which is our tradition that we intend to continue this cut impressively demonstrates the continuous development of our design philosophy sculptural Artistry meets precision German.
Opel calls this concept a true sports car, but first impressions give the feeling that there will be many changes if the GT concept never shaped production course, things like the lack of door handles and side mirrors are about 10 seconds common future on new cars, but the overall style of this concept is probably way ahead of his time so we said let's take a look at this early preview of the concept before its first public appearance official.
Continue reading to learn more about the Opel GT concept.
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