GERMANY: Opel chief says PSA talks on track
"The quality of the talks is really very good. And the operational and technical advantages are so great that we will surely will be able to wrap up soon the negotiations on joint vehicle development," Thomas Sedran told WirtschaftsWoche, according to Reuters.
The plan is to come up with four new model lines by 2016/2017: a successor for the Opel Zafira MPV [minivan] the current plant for which is now confirmed doomed, two compact cars and a successor to the mid-sized Opel Insignia and Citroen C5.
Reuters noted that GM and Peugeot unveiled an initial alliance agreement in February with the goal of saving at least US$2bn annually within five years, evenly split between the partners.
GM paid EUR320m ($419m) for a 7% stake in Peugeot as part of the original deal.
People close to the situation told Reuters last month that the partners had halted talks on an even deeper tie-up amid misgivings about the French carmaker's worsening finances and government-backed bailout.
Opel aims to boost business in Russia and Turkey by capitalising on its German brand, Sedran also told Wirtschaftswoche.
It was working on a plan to boost Opel sales in China from 5,000 units a year now. "You can only be successful in China if you produce there. Plants in Europe aren't much help."
Some Opel models are already built and sold in China other under brand names such as Buick - one version of the Excelle is essentially the current Opel Astra.
Shrugging off French air traffic controllers' strike action, this week saw many of the industry's top executives gather for Automotive News Europe's Congress in Paris. Here is a brief snapshot of what...
LMC Automotive's service provides customers with the very latest monthly estimates of passenger car production across all of Europe. Updated monthly and provided model-by-model, and available only via...
The media days for the 2013 Frankfurt Internationale Automobil-Ausstellung (IAA) are 10 & 11 September. Each of the following vehicles is a world premiere at the show....
The 2013 Goodwood Festival of Speed was held between 11-14 July inclusive, with many vehicles making their global debuts....
Despite newspaper reports in Germany, General Motors said it has made no decision about assembling the Chevrolet Cruze at its plant in Poland from the end of next year....
Opel will start assembling Corsas in Belarus in 2014 but the actual build work should be simple as the cars will come from Spain and Germany only as semi knocked down (SKD) kits....
SoVAB, or Société des Véhicules Automobiles de Batilly, a wholly-owned Renault subsidiary located in Batilly, Meurthe-et-Moselle (France), has made 2m large commercial vehicles since 1980....
- ANALYSIS: VW Group - success and succession
- ANALYSIS: Depressed Thai market forces rethink
- THE WEEK THAT WAS: Chinese scoop up Pirelli
- ANALYSIS: UK supplier industry perks up
- Q&A with Victrex
- Jaguar unveils second generation XF in London
- Jaguar Land Rover announces Whitley R&D expansion
- EU 2021 CO2 targets will be difficult for premiums
- New York show debuts: Scion iA added
- Tata's Jaguar Land Rover announces GBP 600m spend