A few days ago, overseas media reported that Peugeot Citroen Group (PSA) has completed a plan to negotiate with GM to acquire Opel, and the two sides will hold a press conference on the morning of March 6 (Monday) local time. If PSA can acquire the two brands of Opel and Vauxhall, it will gain an additional 16.3% market share in the European passenger car market and surpass Renault to become the second largest car manufacturer in Europe after Volkswagen.
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The Opel brand and PSA from GM have agreed to produce R&D cars since 2013. The cooperation products include the current overseas version of the Peugeot 3008, Peugeot 5008 and the upcoming Opel Crossland X and Grandland X. Carlos Tavares, CEO of PSA Group, once said from overseas media, "The PSA Group is likely to achieve the goal of annual production and sales of 5 million units after the acquisition of Opel."
For GM, GM's European operations have been the primary factor affecting its rise in global profit margins since 1999. Opel is expected to be profitable by 2018 due to problems such as Brexit and the closure of two European factories. Therefore, to get rid of Opel's "hot potato" is an inevitable choice to improve the profitability of GM's investment capital.
In the future, if the PSA Group's acquisition of the Opel Auto Plan is implemented, this may become an opportunity for Opel Auto to enter China for another year. As for the progress of the event, we will continue to pay attention.
· PSA Group will announce the acquisition of Opel