The history of General Motors and Opel in Europe seems destined to be repeated a thousand times. The signing of Ray, and his English branching Vauxhall, not just find your point optimal on the European market and the patience to the directors of General Motors seems you are running them. Already, in the last great reestruccturacion of the American conglomerate Opel was about to be sold to Magna, but to give a last vote of confidence still remains integrated in her womb.
After this, General Motors conceived a grand bargain with the PSA group (Peugeot and Citroën DS) to share technologies and platforms. However, that agreement collapsed when entered in the shareholders of the French group of the Chinese capital. It only seemed that it had been developing the new Opel Crossland X and Citroën C3 Aircross (or C3 Picasso), but it seems that this is only the tip of the iceberg.
We have been told, seems that General Motors and the PSA group, very discreetly, they have continued negotiating for the French conglomerate to acquire both Opel and Vauxhall to the American group. This information, apparently it has already been confirmed by PSA and within the talks it would be exploring the best alternatives to take control of the firm German and English.
If this is true, PSA would become the second largest producer of cars in Europe going forward in his career to FCA. With this acquisition, its market share in our continent would grow to 16 per cent. In this way to produce more units their development costs would be lower, as well as having access to all the technology that Opel treasures in terms of mobility and helps driving and infotainment systems.
By now are unknown, the terms of the agreement and how could be carried out. If everything ends well General Motors would abandon fully its activities in Europe (already retired to Chevrolet a few years ago) Although you could keep a percentage of the shareholding of Opel to continue to have some influence in Europe. It will have to see how things evolve and wait for both groups to provide information in this regard.
Source – Automotive News