*PSA Is In Talks With General Motors To Deepen Their Partnership - Source
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    Default *PSA Is In Talks With General Motors To Deepen Their Partnership - Source

    Nothing more than this, but just out in the last few mins..

    *PSA Is In Talks With General Motors To Deepen Their Partnership - Source
    *GM, PSA In Talks to Combine French Carmaker With GM's European Opel Business -- Source
    *A Deal May Be Announced Within Days -- Source

    --------------------
    later that same evening....
    Peugeot shares up 5%; Renault up 3%.
    Obviously they think they can learn something about car making from GM

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    Last edited by alexander; 15th February 2017 at 12:37 AM.

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    I doubt PSA's motive is education.

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    Perhaps they will buy Vauxhall.

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    Quote Originally Posted by seasink View Post
    I doubt PSA's motive is education.
    Good god a Poxhall ?
    Mutual Respect is Contagious


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    Not GM but the 'Ambassador' in India
    http://www.thehindu.com/business/Peu...le17289087.ece

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    So a Holden in the future might be a re-badged Opel, which in turn might be a re-badged Peugeot (or other PSA car)!

    in fact it could get even more bizarre - if PSA gets their new Indian operation up and running, they could supply GM with rebadged Ambassadors, which are/were of course nothing more nor less than a Morris Oxford !!

    I think I need a Bex & a good lie down...

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    Did I see the U.K. Prime Minister driving a Tata [Jaguar]??

    Maybe a super salesman may be able to sell her an Ambassador...PLUS one each to all of the English Ambassadors.

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    GM and PSA executives have spoken to the three governments concerned and to the unions in France and Germany but have given no commitment to the British unions. It would seem that all the governments are accepting the inevitable loss of jobs but from the distribution of losses cited by GM and the effects of Brexit it looks as if UK Vauxhall will suffer most. The outcome will certainly be Peugeot, Citroën, DS, Opel and Vauxhall models all built on common platforms and probably badge engineered forHolden and other GM brands. The talks centre on a merger of PSA and GM's auto interests across Europe to be controlled by PSA.
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    Quote Originally Posted by Armidillo View Post
    in fact it could get even more bizarre - if PSA gets their new Indian operation up and running, they could supply GM with rebadged Ambassadors, which are/were of course nothing more nor less than a Morris Oxford !!


    Alec
    In fact is was closer to the Morris Cowley and today uses an Isuzu diesel engine.
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    Would be great i.m.o.p. if Peugeot takes the reins -for reasons that I am able to comment on here.

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    Quote Originally Posted by pekay49 View Post
    Would be great i.m.o.p. if Peugeot takes the reins -for reasons that I am able to comment on here.
    Well go on then - we're all ears (or eyes).

    Cheers

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    This has become an interesting game of poker. PSA and Opel have to much production capacity and have to close plants to be made possible by making cars on common platforms. The three countries most affected are Germany, France and the UK. In each now the unions have allied with the government to block the merger unless the jobs are protected in their country.
    Their case is weak because GM will not continue to lose money on Opel and Vauxhall because their volume is too small to be competitive and PSA has to find a partner to improve its volume and remain competitive. If the deal is blocked, factory closure is inevitable.
    The price asked by GM is $2billion which in terms of the investment scale of the industry indicates that they do not see much value in their European assets. PSA has now rapidly recovered financially and has at least 5 billion euros in reserve. It is incorrect to think of this as a deepening of a partnership with GM. It is an exit of GM from Europe and may in exchange lead to some distribution of PSA/Opel products through the GM sales network.
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    Quote Originally Posted by gerry freed View Post
    The price asked by GM is $2billion which in terms of the investment scale of the industry indicates that they do not see much value in their European assets.
    A little better than US$1 though, for Chrysler Europe's assets.
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    Let's say if you knew where the funds for Ford,G.M & V.W. were directed it would drastically change your perspective as to what is going on in the World.

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    Quote Originally Posted by pekay49 View Post
    Let's say if you knew where the funds for Ford,G.M & V.W. were directed it would drastically change your perspective as to what is going on in the World.
    Please do tell us?

    It's not right that you don't seem to want " to share the knowledge".
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    If GM flog-off Opel and Vauxhall, Holden would presumably not be under any obligation to source vehicles from those manufacturers (of course they might not have been planning on using Vauxhall/Opel anyway).
    If anything, Holden are even more likely to take the Daewoo path for the Australian market (or something owned by GM which isn't much these days) and less likely to source from the European marques. A Peugeot rebadged as Holden is not very likely.
    (Would GM sell the Holden brand in Australia once the manufacturing operation is closed, they seem to be selling-off everything else).
    Football, meat pies, kangaroos and Daewoo cars.
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    PSA have undertaken to the German government to retain all four Opel sites. The Industry Minister in the UK has promised to give PSA the same guarantees they gave Nissan arising from Brexit. As a result, Tavares wants to met May for confirmation.
    I can see Trump bleating that Australia doesn't buy enough US cars and he will get the same reply the Japanese politely gave. The market doesn't like them. They have a reputation for poor quality, reliability and fuel consumption and they are too expensive.
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    Agree entirely Robmac it is not right to not want to share the knowledge but if what happens when you want to share the knowledge is that knowledge is shut down when you do share it.

    Thankyou.....May I close with this statement...."If you support a Company, who you know are deliberately damaging or destroying other peoples lives,then you are part what they are doing then you are complicent.

    I guess I could ask a quiz question which may give you some insight ......."Which ....very large auto.manufacturer supported Adolf H.more than anyone else".

    Regards.

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    Quote Originally Posted by pekay49 View Post
    Agree entirely Robmac it is not right to not want to share the knowledge but if what happens when you want to share the knowledge is that knowledge is shut down when you do share it.

    Thankyou.....May I close with this statement...."If you support a Company, who you know are deliberately damaging or destroying other peoples lives,then you are part what they are doing then you are complicent.

    I guess I could ask a quiz question which may give you some insight ......."Which ....very large auto.manufacturer supported Adolf H.more than anyone else".

    Regards.
    We can't avoid that kind of historical prejudice.

    But needless say almost any European car will have components built by manufacturers with a somewhat questionable war time history.

    It 's a fact of life that Civilian organisations are "conscripted" to the war effort . At the time it may have been considered Nationalistic.

    And Germany wasn't alone in that. Australia was live and well with organizations helping the war effort.

    Is it perhaps it's time to let go of history circa 72 years ago, for your own good as well as Af.
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    A notable French car manufacturer was considered by the French Government to have played for the wrong side when the war was over. The company was nationalised, which of course totally removes any stains from it's past.....
    It's another lovely day! Again!

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    Quote Originally Posted by pekay49 View Post
    Agree entirely Robmac it is not right to not want to share the knowledge but if what happens when you want to share the knowledge is that knowledge is shut down when you do share it.

    Thankyou.....May I close with this statement...."If you support a Company, who you know are deliberately damaging or destroying other peoples lives,then you are part what they are doing then you are complicent.

    I guess I could ask a quiz question which may give you some insight ......."Which ....very large auto.manufacturer supported Adolf H.more than anyone else".

    Regards.
    that is all wonderfully cryptic!
    as for H, he did start the company, after all, so it isnt surprising that is "supported" him. i gather there was quite a bit of encouragement given to people, to support him!

    anyway, just so you know, he died 72 years ago.

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    back in reality...


    PSA Chief to Meet French, U.K. Officials in Opel Approval Push
    2017-02-20 11:03:01.887 GMT


    By Ania Nussbaum, Richard Weiss, John Ainger and Helene Fouquet
    (Bloomberg) -- PSA Group Chief Executive Officer Carlos
    Tavares will meet with government leaders in the U.K. and France
    this week to push his plan to buy General Motors Co.’s Opel and
    Vauxhall brands.
    Tavares will meet French Economy Minister Michel Sapin on
    Wednesday morning and U.K. Prime Minster Theresa May at a date
    that hasn’t yet been announced. The CEO already spoke to French
    Prime Minister Bernard Cazeneuve on Sunday, the premier’s office
    said. To win support for the takeover, the maker of Peugeot and
    Citroen cars will pledge to maintain Opel’s independence, honor
    existing collective labor agreements and continue to invest in
    all four of its German sites until at least 2020, Bild am
    Sonntag reported.

    British and German leaders are trying to prevent job cuts
    as PSA seeks to acquire GM’s European operations to gain a
    bigger slice of a fiercely competitive auto market. Both Paris-
    based PSA and Opel are low-margin, mass-market manufacturers
    with production in countries with high labor costs, and they
    face common challenges including tightening pollution standards.
    GM and PSA, which disclosed talks on Feb. 14, are
    discussing a valuation for Opel of roughly $2 billion as the
    automakers push to reach an agreement as soon as the end of this
    week, people familiar with the matter said on Friday. The price
    would comprise about $1 billion in cash and the assumption of
    roughly $1 billion in liabilities, said the people, who asked
    not to be identified because the negotiations are private.
    PSA shares fell as much as 1.8 percent and were trading
    down 1.4 percent at 18.27 euros as of 12 p.m. in Paris. The
    stock has gained 18 percent this year.
    The French manufacturer is scheduled to report 2016
    earnings on Thursday, and people familiar with the matter have
    said that’s the target date for reaching an agreement with
    Detroit-based GM, though a transaction may be delayed or even
    fall apart, given the complexities of the merger.
    The takeover plan shocked leaders across Europe who were
    already contending with Britain’s planned exit from the European
    Union, a chaotic French presidential election that includes a
    nationalist groundswell for Marine Le Pen, and German Chancellor
    Angela Merkel’s reelection bid. German political leaders
    especially are pushing for job-preservation guarantees.

    Workforce Figures

    PSA has a global workforce of 184,000 employees, while
    Opel’s totals 35,600, with about half in Germany and 4,500 in
    Vauxhall’s home country of the U.K.
    While no binding guarantees have been made so far to secure
    jobs or sites, there are “constructive signs” for an agreement,
    Matthias Machnig, Germany’s deputy economy minister and the
    government’s liaison on the deal, said Monday on ARD television.
    Opel chief Karl-Thomas Neumann said in a letter to
    employees on Friday that the Ruesselsheim, Germany-based
    division’s works council and IG Metall union are closely
    involved in the talks. In its meetings with government leaders,
    PSA will promise not to carry out forced layoffs until next
    year, according to the Bild report.

    U.K. Question

    A key sticking point in the negotiations is identifying
    ways to reduce costs that would earn support from labor leaders
    and governments, while still making the deal financially
    feasible given the companies’ overlapping product portfolios and
    overcapacity in the European auto market. A critical point is
    how a combined PSA-Opel can maintain U.K. production capacity
    after the models built there are redesigned, the people said.
    Tavares will also meet this week with Len McCluskey,
    general secretary of Unite, Britain’s biggest labor union.
    McCluskey wants to ensure that PSA and Tavares “understand
    fully” that “thousands of dedicated U.K. workers deserve a
    strong backer and a positive future,” he said in a statement
    Sunday.

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    It's sad, alexander, when political considerations outweigh the profitability of any commercial enterprise.....capitalism has been defeated!
    It's another lovely day! Again!

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