Opel and Vauxhall sale

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GENERAL MOTORS: The Astra in production.

 GENERAL MOTORS (GM) which owns the Opel and Vauxhall car brands has indicated that despite both companies turning in regular losses over the years, there is a possibility that a French group may be interested in taking them over.

The PSA Group, makers of Citroen and Peugeot cars works with GM on a number of projects in Europe and is currently the third largest manufacturer in Europe, behind Renault-Nissan which has recently recorded increased sales and Volkswagen.

Vauxhall currently employs 4,500 staff in the UK, but unions estimate that a further 30,000 people worked in occupations connected with Vauxhall and its vehicles.

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The French company is partly owned by the state, but also has investment from the Peugeot family as well as a Chinese vehicle manufacturer and if a sale was to be agreed, the new company would become Europe’s number two producers of vehicles.

 

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