Russelsheim produces Opel/Vauxhall Insignia, adds Zafira Tourer when Bochum closes. Additional new model not yet detailed

Russelsheim produces Opel/Vauxhall Insignia, adds Zafira Tourer when Bochum closes. Additional new model not yet detailed

General Motors' European unit Opel said it would add a new model to its Rüsselsheim plant but gave no details. It has also scaled back some planned collaboration with PSA on a B segment platform and engines.

"With DRIVE! 2022 we have developed a clear 10-year plan which focuses on a multi-billion dollar model offensive. The offensive is in full swing. And we are already paving the way for the products that will give us the chance for further growth the end of the decade" said CEO Karl-Thomas Neumann.

Currently four versions of the Insignia are assembled in Rüsselsheim. From the beginning of 2015, the current generation Zafira Tourer – now built in Bochum – will follow.

At the same time, the company announced together with partner PSA Peugeot Citroen that in future the C-CUV (Crossover Utility Vehicle) models will be produced in PSA’s Sochaux plant in France. In return, the Spanish Opel plant in Saragossa will, as already announced, produce the successor of the B-MPVs of both companies.

“The alliance between PSA and Opel is based on a balanced approach”, said Neumann.

The expected savings from a partnership established in February to help both companies cut costs in Europe, would total US$1.2bn by 2018, less than the previous target of $2bn by 2016.

Additionally, the partners will cooperate on new generation products in the light commercial vehicle B-segment, based on a PSA new generation platform. The first vehicles from the alliance are expected to launch starting in 2016.

"The vehicles of both manufacturers will be highly differentiated and fully consistent with their respective brand characteristics,” said Neumann.

“The partners are now focused on execution of the alliance while remaining open to new opportunities.”

However, the two firms said they'd drop collaboration on a B-segment platform and associated small petrol engine "following detailed evaluation".

GM and PSA also agreed to amend certain other terms of the alliance. They will simplify the joint governance and remove as a ground for terminating the failure to achieve a minimum number of cooperation programmes within a specific time. They also agreed to a waiver of GM’s right to terminate the alliance under certain conditions in the event certain parties take a stake in PSA, in which case such parties would support the alliance. GM would vote any PSA shares it would then hold in favour of any such transaction.

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Opel strengthens the Rüsselsheim plant with additional model

2013-12-12

 

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Rüsselsheim.  Opel strengthens its German locations with additional investments: The company will add a new model to its Rüsselsheim plant. For competitive reasons the company is not in a position to reveal any details at this point in time.

"With DRIVE! 2022 we have developed a clear ten-year plan which focuses on a multi-billion dollar model offensive. The offensive is in full swing. And we are already paving the way for the products that will give us the chance for further growth the end of the decade" says Opel CEO Dr. Karl-Thomas Neumann.

Currently four versions of the Insignia are assembled in Rüsselsheim. From the beginning of 2015, the current generation of the Opel Zafira Tourer – which is now being built in Bochum – will follow.

At the same time, the company has today announced together with its partner PSA Peugeot Citroen that in future the C-CUV (Crossover Utility Vehicle) models will be produced in PSA’s French Sochaux plant. In return, the Spanish Opel plant in Saragossa will, as already announced, produce the successor of the B-MPVs of both companies.

“The alliance between PSA and Opel is based on a balanced approach”, said Opel CEO Dr. Karl-Thomas Neumann.


 

PSA and GM Report Progress on Strategic Alliance Implementation

2013-12-12

 

  • Confirm continued cooperation for two products based on PSA platforms in B-MPV and C-CUV segments
  • Add new generation B-segment light commercial vehicle cooperation
  • Announce balanced cross vehicle manufacturing
  • Proceed with purchasing collaboration and confirm early favorable results
  • Drop collaboration on B-segment platform and associated small petrol engine following detailed evaluation

 

PARIS/RUSSELSHEIM -- PSA Peugeot Citroen and General Motors today announced further steps in their strategic Alliance. The Alliance remains structured around the main pillars of joint programs – purchasing and logistics, focused on Europe, and extends into cross manufacturing.

The two companies confirmed continued cooperation for two products based on PSA platforms – the B-MPV multi-purpose vehicle and C-CUV crossover-utility vehicle programs.  Additionally, the partners will cooperate on new generation products in the light commercial vehicle B-segment,   based on a PSA new generation platform. The first vehicles from the Alliance are expected to launch starting in 2016.

In addition, the parties will balance manufacturing – with each company producing one vehicle for the other. As announced in October, B-MPVs from both companies will be built in the GM España plant in Zaragoza. Today, the partners announced they would build their future C-CUVs in the French PSA plant in Sochaux.

“The Alliance between PSA and GM is based on a balanced approach. The vehicles of both manufacturers will be highly differentiated and fully consistent with their respective brand characteristics,” said Karl-Thomas Neumann, GM executive vice president and president, Europe. “The partners are now focused on execution of the Alliance while remaining open to new opportunities.”

Said Philippe Varin, chairman of the managing board of PSA Peugeot Citroën:

 “These announcements show that the Alliance continues to progress and is a key component of the Group’s turnaround plans in Europe.”

The updated synergies expected from the Alliance are estimated at approximately $1.2 billion by 2018. The synergies will be shared about evenly between the two companies.

GM and PSA also agreed to amend certain other terms of the Alliance. They will simplify the joint governance of the Alliance and remove as a ground for terminating the Alliance the failure to achieve a minimum number of cooperation programs within a specific time. They also agreed to a waiver of GM’s right to terminate the Alliance under certain conditions in the event certain parties take a stake in PSA, in which case such parties would support the Alliance. GM would vote any PSA shares it would then hold in favor of any such transaction.

Original source: Opel