General Motor’s is weighing its options to improve its situation in Europe, and one of them is potentially selling off its European Opel and Vauxhall brands to France’s PSA Group.
The American automaker has confirmed that it has been in talks with PSA Peugeot Citroen to unload its Opel and Vauxhall divisions, but nothing has been finalized. A company presser stated:
“PSA Group and General Motors confirm they are exploring numerous strategic initiatives aiming at improving profitability and operational efficiency, including a potential acquisition of Opel Vauxhall by PSA.”
GM added that “there can be no assurance that an agreement will be reached,” indicating that Opel and Vauxhall could remain under its umbrella.
GM and PSA entered into a partnership in 2012 when the former acquired a 7 percent stake in the latter for approximately $400 million. It was expected that the partnership would lead to $2 billion in purchasing an join development synergies annually, but those expectations were not met.
Although Opel and Vauxhall have been two of the weakest members of GM’s family, they have performed relatively well in recent months (they lost $300 million in Europe in 2016, an improvement over the $800 million loss recorded in 2015). And the fact that the Chevrolet brand is no longer a player in Europe means the company will be for all intents and purposes exiting the European market altogether if it sells off the division.
I am as surprised as you probably are at this development. Would it be smart for General Motors to sell off Opel and Vauxhall to PSA Peugeot Citroen? Share your thoughts in the comments below.
Peugeot Eyes 15 U.S. States, 4 Canadian Provinces For North American Return
French automaker Peugeot (PSA) is returning to North America but not in all the states and provinces at once.
The Paris-based firm has shosen 15 U.S. states and four Canadian provinces for its its initial return. During a , Larry Dominique, the CEO of PSA Group North America, singled out California, Texas, Florida, New York, Illinois, New Hampshire, New Jersey, Arizona, Washington, Massachusetts, Virginia, North Carolina, Georgia, and Maryland.
He didn’t reveal the 15th state, but together, they account for 62 percent of new car sales in America and are said to be the areas where motorists are open to the idea of buying an imported car. Dominique stated:
“Those states are of the most interest to me at this point in time because they’re high volume and import receptive.”
In Canada, the focus will be on British Columbia, Alberta, Ontario, and Quebec, four provinces that represent 87 percent of new car sales in the country.
PSA previously announced that it will enter the North America market by first introducing a car-sharing service named Free2Move. However, seeing as most of the cars in PSA’s current portfolio don’t comply with American regulations, the service will initially offer vehicles made by other automakers before it gradually injects its own cars into the mix. It plans to resume selling cars to private motorists sometime in 2026.
Dominique and his team are looking at alternative ways of selling cars — likely through online retailers — so don’t expect a large dealer network.
It hasn’t been revealed which models will come to the U.S. and Canada, but there are many to choose from. The PSA group of automotive brands currently consists of Peugeot, Citroen, DS, Opel, and Vauxhall.
Five Of The Weirdest Cars Of All Time – Cool And Nutty
It’s merely every automotive aficionados’ dream to know every detail about almost every automobile in existence, yet the vast majority of them cannot name even a handful of the weirdest cars to grace this planet and why they’re considered some of the most unusual contraptions ever made by any mainstream automaker. It’s very peculiar, don’t you think?
We’re here for you: With assistance from Tony of , we have put together five of the weirdest cars of all time — quite literally!
Despite maintaining a fantastic reputation for combining sheer opulence with effortless performance in practically every single model – apart from the Isetta, of course – and especially if you hadn’t seen the Isetta before, it’s fair to say that BMW has disappointed fans with this micro, and albeit somewhat uncanny automobile. For those who were expecting the Isetta to look similar to that of an extraterrestrial spacecraft, you’ll find yourself feeling a little bit disappointed that it looks similar to the classic Fiat 500 — or perhaps not!
BMW gave the Isetta a top speed of only 53 mph, which is hardly surprising given that this oddity of a car was produced in the early 1950s.
4. Citroen 2CV
As a ‘Tin Snail’ first produced in the late 1940s, the quite fortunately holds a place on the list of the five weirdest cars of all time! Now, the 2CV is as basic as a car can be — it has seats that look similar to garden deckchairs, and you even have to provide your own radio too! — but that doesn’t minus the fact that Citroen has literally built an empty shell of a car without thinking much of the interior layout, possibly explaining why it’s so inexpensive even by today’s inflation-adjusted currency rates.
More to the point though, you’re probably looking at the 2CV and wondering why the bonnet is so oversized — it almost makes it look like something used in an old-fashioned, black and white themed television show, doesn’t it? But in fact, under its oversized bonnet is a little air-cooled 375cc two-cylinder petrol engine that offers a top speed of 45 mph and a total of 50,000 miles — rather impressive for an older car!
3. 1970 Lancia Stratos HF Zero
If you were to look at the 1970 Lancia Stratos HF Zero today, you’d probably just assume that something uncanny left it here before returning to their normal life.Bbut in actual fact, this slick sports car is just another peculiar-looking car that every automotive aficionado is eager to talk about!
Here we have it, in its rarest form, the Lancia HF Zero and its custom-built chassis with the Fulvia HF suspension at the rear to complement its racing car features extremely well. This spectacular and mind-blowing performance machine has enough strange sex appeal to earn third place on the list of the five weirdest cars of all time!
2. 2001 BMW GINA Light Visionary Model
Although a relatively modern design that was unveiled in 2001, the BMW Gina Light Visionary Concept is considered to be one of the weirdest cars of all time! Just by looking at the structure, it’s clear that BMW wanted to go full-out bonkers when designing this uncanny car, deciding to go for more of a bizarre and creased-looking look that doesn’t really sit well with everyone.
Being a sports car concept, the BMW Gina Light Visionary Model was designed solely for the purpose of satisfying those sports-orientated individuals who enjoy experimenting with unusual and absurd looking cars from renowned automobile brands.
1. 1970 Ferrari 512S Modulo
If not for its conventional sports car interior structure and comfortable seats, the 1970 Ferrari 512S Modulo would utterly look like some sort of extraterrestrial spacecraft, wouldn’t it? But watching it racing towards the finish line on solid ground just makes it one of the world’s weirdest cars of all time, even though it’s actually quite normal to some people.
Of course, if you were to sit behind the wheel of the 1970 Ferrari 512S Modulo, or even in the passenger seat, you’ll probably feel as though you’re about to ascend into the outer space! Rest assured that ascending into space is quite unlikely for anything with a steering wheel and a little engine– or anything that looks as though it should be on a race track heading towards the finish line! So, when you find yourself somewhat confused and can’t seem to name one of the world’s most peculiar cars, just think of the 1970 Ferrari 512S Modulo — the by a wide margin.
Citroen C6 Has Been Revived for China Better Than Ever
Four years after the original model was cancelled in Europe, the Citroen C6 has been resurrected as a China-only model, making its world debut at the 2016 Beijing Motor Show.
The new C6 might very well be a Dongfeng Fengshen A9, which itself is based on PSA Peugeot Citroën’s EMP2 platform. It is less distinctively-styled than its predecessor, which , but comes across as a handsome executive sedan that will surely turn heads with its bold grille.
With an overall length of over 16 feet and a wheelbase of 9.5 feet, it offers more than enough roof four give passengers. The luxurious interior can be equipped with a 12-inch digital instrument cluster, a large touchscreen display for infotainment duties, Nappa leather seats, four-zone automatic climate control, and a panoramic sunroof.
The Citroen C6 is believed to be powered by a turbocharged 1.8-liter gasoline engine that produces 204 horsepower and 280 newton meters of torque, sent to the front wheels via a six-speed automatic transmission.
An even more luxurious DS-branded edition of the large sedan will likely be introduced later on.