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Opel Transforms Under PSA

Opel Transforms Under PSA

PSA’s strategy, since acquiring Opel from General Motors, of sharing as many elements as possible with its new subsidiary is starting to pay off.Opel made a $978 million profit at current exchange rates in 2018.That’s compared to a $204 million loss under the last time Opel reported financials ...
Michelin Debuts Their Next Generation Airless Tire

Michelin Debuts Their Next Generation Airless Tire

It’s like Michelin took inspiration from Citroën with the chevron structure of their new airless tire.Michelin says their new design called ‘Uptis’ (unique puncture-proof tyre system) is a production-ready version of the Tweel system that can sufficiently replicate the characteristics of a n ...
Three Amazing (and True) Stories About André Garnier.

Three Amazing (and True) Stories About André Garnier.

by Ken Nelson.....We'll all miss André – he was a real visionary for Citroën.These remembrances are from André directly - told to me when I visited him sometime around year 2000: 1.  Seems André had only been in business in Buffalo for a short while, around probably the late '50s/ea ...
How Citroën nearly became a GM subsidiary

How Citroën nearly became a GM subsidiary

We've covered GM's involvement with Citroen in the past, but today in Hemmings Daily there is an excellent article by Daniel Strohl that nicely discusses GM's interest, as early as 1919, into buying into the company.Highly recommended reading that you can find here:https://www.hemmings.com/blog/201 ...
PSA Agrees to Buy Opel and Vauxhall in $2.3 Billion Deal

PSA Agrees to Buy Opel and Vauxhall in $2.3 Billion Deal

PSA Group is betting that size matters in Europe’s saturated car market as closes its deal with GM to buy Opel and its UK sister brand Vauxhall. Despite years of losses for the two under GM, PSA will pay 1.8 billion euros ($1.9 billion US) as the French manufacturer bolsters its defenses in a peak ...
PSA Group Looks to Acquire Opel

PSA Group Looks to Acquire Opel

GM and PSA Group (Peugeot and Citroën), confirmed today that discussions are underway to “exploring numerous strategic initiatives aiming at improving profitability and operational efficiency, including a potential acquisition of Opel Vauxhall by PSA.”  Both companies said there is “no a ...
General Motors Sells its Stake in PSA Peugeot Citroën

General Motors Sells its Stake in PSA Peugeot Citroën

General Motors announced Friday that it sold its stake in PSA Peugeot Citroën SA for $343 million, well below the approximately $400 million it paid in March 2012 to get a 7 percent stake in Europe's second-largest carmaker.Although no reason was stated for the sale it is speculated that PSA Peugeo ...
PSA Peugeot Citroën – Fortune Cookie Future?

PSA Peugeot Citroën – Fortune Cookie Future?

PSA Peugeot Citroën reported a first-half operating loss of 510 million euros ($681 million), and a loss of market share in Europe to Volkswagen AG, the continent’s largest automaker.   Over-reliance on the sagging European market has eroded PSA’s meagre profitability.  Last year, it lost € ...
Here’s Looking at You General Motors

Here’s Looking at You General Motors

Guess where this photo was taken? I went with Larry Lewis and Lloyd McBride in my DS21 to the Concours of America classic car event this past weekend in Plymouth, Michigan. On the way back we stopped in Windsor, Ontario and I took this picture in front of the water fountains at the Windsor Casino lo ...

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