GM in talks to sell Opel/Vauxhall

[abi]

This may be posted already but I cant see it here.

As of last Tuesday news broke that GM are in discussions with PSA (Peugeot, Citroen, etc) to sell its GM Europe operations Opel and Vauxhall.
Very interesting times and what it may mean for the NG Commodore due early next year as well as the proposed 30% euro mix in the Holden range that was previously reported from Holden.
Barra few to Europe to quell unrest and assure the UK and Germany all will be good for them etc.
Pitty GM refused to sell Holden when the offers were made, to be closed instead.
Adrian

[abi]

2 billion US dollars has been posted on other sites as the dollar value PSA have placed on the buyout.

[Smitty]

2 billion US dollars has been posted on other sites as the dollar value PSA have placed on the buyout.

bargain.... ;) GM would be silly not to take it
Opel have not made a profit in 20 years and only EU and German govt subsidies keeps it going

[Ausmartin1]

This will make the next Imported Commodore made by a French owned company.
Opel and German Unions. Looks like GM has had enough as Opel posted a Loss 2016 - when it was predicted to make a profit.
Things are starting to get interesting as GM retreats also in Europe.

[Jag530G]

We might get the Insignia based Commodore for a few years and then nothing. The large sedan market is dying anyway replaced by SUVs and crewcab utes. Holden will just revert back to importing US/Thai/South Korean built GM cars. Wouldn't be surprised to see the new Astra getting replaced by the next model Cruze in 5 years time or so. The more things change...

Just imagine in an ideal world a V8 Caprice with Citroen hydragas suspension...

Cheers, Matthew

[Smashfist]

I'd suggest Insignia based Commodore as a stop gap to then be replaced by a Cadillac. Bring it on, the Opels are overpriced given the shit conversion from euro to AUD, which is why they're not big sellers (the new Astra is a nice enough car but it's well overpriced and the same could be said for the current Insignia).

[Smitty]

.................., the Opels are overpriced given the shit conversion from euro to AUD, which is why they're not big sellers (the new Astra is a nice enough car but it's well overpriced and the same could be said for the current Insignia).

... no argument re the INSIGNIA, $10k too much for what it is

the Astra, yeah well that is interesting. I went to the launch here in Vic
and along with others when told pricing went... WTF! The Holden sales and marketing
people defended the pricing by saying.. it is a step up from the old, a 'premium' Astra

yeah right, less than 3 months after release RRP prices have dropped $1500-$2500 (depending on model)

I call that an own goal :doh:

[redvxr8clubby]

Doesn't give much confidence to buy an Astra or an NG .

[Smitty]

Doesn't give much confidence to buy an Astra or an NG .


parts won't (can't be) the problem... the problem is resale values
going from down in the gutter into the sewer

[Smashfist]

Parts won't be an issue, GM have been slowly gobalising parts sources so the Opels will share parts with other small cars in the GM range.

[abi]

Cant see commodore being replaced by Cadillac, way too dear. More likely replaced by Chinese Buick. Cadillac competes with MB and BMW, Audi, why would any one buy a Cadillac for Merc BM or Audi money. After Astra we will see more Daewoo stuff I feel.

[Ausmartin1]

Cant see commodore being replaced by Cadillac, way too dear. More likely replaced by Chinese Buick. Cadillac competes with MB and BMW, Audi, why would any one buy a Cadillac for Merc BM or Audi money. After Astra we will see more Daewoo stuff I feel.

So very true and this will reduce sales and the amount of GMH dealerships, Interesting times indeed.

Even in Japan a RWD Toyota Crown Athelete which has the new engined 2L Turbo and is a nice drive for a family (Finally) is over 5,800,000 Yen optioned up to good levels = over 66K AUD.
& That is too much.

It may just be large RWD sedans made in any quality country will now be a rare purchase for Australians in the future.

[HSV,_I_GOT_ONE]

Just looked up the toyota crown and wow! We apparently have one of the biggest range car markets in the world yet for some reason we also have the crappiest range of cars in the world. Why is that??? Are we seen to be too tight to spend the money on these cars or is it because we already pay a healthy premium for the base model crap?

[Ausmartin1]

Just looked up the toyota crown and wow! We apparently have one of the biggest range car markets in the world yet for some reason we also have the crappiest range of cars in the world. Why is that??? Are we seen to be too tight to spend the money on these cars or is it because we already pay a healthy premium for the base model crap?

Yes interesting observation!
True we don't get the same range or OPTIONS that say are offered in say markets such as America or Canada.
We pay more on many fronts and have less choice I've noticed reviewing like for like models released around the world.

It's just a Gerry Harvey of the car industry, noticed he is to blame for the new Tax under a $1000 (Still most items will be cheaper, new versions even with GST compared to Harvey's stores)
Now he is complaining about Amazon moving in to Australia even called them parasites, maybe Harvey should buy a mirror and look into it.

Yes we have a far way to go in retail and cars before Australians get good choice and real value for money, never mind our consumer laws needing urgent attention when dealing with distributors who do not stand behind their products or Australian statutory consumer protection / law.

Time Australian consumer put them selves FIRST like in other 1st world countries.

After all if companies are doing their best and correct thing for consumers why would they oppose introduction of decent laws?
We know why ;-)

[abi]

So the deal has been done and the official announcement will be on Monday, bye bye Opel and Vauxhall, sad to see you go, now us Holden fans can only look forward to Daewoo garbage for our right hand drives.
I suspect the NG Commodore (Insignia) will still land here early next year as a platform sharing arrangement PSA will have in place with GM, to be replaced at the earliest possibility by GM so as to save some money.
Interesting times.

[Smitty]

So the deal has been done and the official announcement will be on Monday, bye bye Opel and Vauxhall, sad to see you go, now us Holden fans can only look forward to Daewoo garbage for our right hand drives.
I suspect the NG Commodore (Insignia) will still land here early next year as a platform sharing arrangement PSA will have in place with GM, to be replaced at the earliest possibility by GM so as to save some money.
Interesting times.


yep... announced on Fortune200 earlier this morning

Goodbye Commodore replacement (and possibly Holden)

[Ausmartin1]

This may be posted already but I cant see it here.

As of last Tuesday news broke that GM are in discussions with PSA (Peugeot, Citroen, etc) to sell its GM Europe operations Opel and Vauxhall.
Very interesting times and what it may mean for the NG Commodore due early next year as well as the proposed 30% euro mix in the Holden range that was previously reported from Holden.
Barra few to Europe to quell unrest and assure the UK and Germany all will be good for them etc.
Pitty GM refused to sell Holden when the offers were made, to be closed instead.
Adrian


So the deal has been done and the official announcement will be on Monday, bye bye Opel and Vauxhall, sad to see you go, now us Holden fans can only look forward to Daewoo garbage for our right hand drives.
I suspect the NG Commodore (Insignia) will still land here early next year as a platform sharing arrangement PSA will have in place with GM, to be replaced at the earliest possibility by GM so as to save some money.
Interesting times.
Yes so true, the only decent cars in the stable were Opel -but being made in Europe are overpriced for our market. Sadly even American will be too.
I think GM have have handed the Australian sales to the Asian manufacturers. Problem is that others can play this game better. Interesting times would not want to be a dealer holding a Holden franchise in a shrinking brand. Caused by an ever revolving unstable product range.

[VYR8HSV]

As the title says.
GM has sold off Opel & Vauxhall to PSA, parent company of Peugeot and Citroen.

Thoughts on what, if any changes to the current Opel line up of cars. Specially the ones now imported here under the Holden name??

Story from Wheels here : https://www.wheelsmag.com.au/news/17...odore-in-doubt

[white lie]

Original thread here bud....

http://www.ls1.com.au/forum/showthread.php?t=170513

[whitels1ss]

Original thread here bud....

http://www.ls1.com.au/forum/showthread.php?t=170513

Thanks white lie, I merged threads

[Jag530G]

With the sale of Vauxhall and GM's piss poor presence in Japan, Australia will now be GM's biggest right hand drive market. (maybe GM sells more in India but it won't be with cars Australians are likely to buy) Considering how small we are its hard to imagine GM developing any interesting RHD cars. I think we have just kissed good-bye to the chance of a RHD Camaro down the track. Ford can justify a RHD Mustang because they can sell them in the UK. Maybe we will still get a RHD Corvette since it isn't a monocoque, so easier to convert but without the UK volume even that looks iffy really.

A lot of things GM & Holden promised in the last couple of years regarding Holden's post Elizabeth future have gone out the window with the sale of Opel/Vauxhall. PSA needs to recoup money from buying Opel so they will be switching models over to new platforms/scrapping models quick smart.

Here's a conspiracy theory for you. GM have spent a lot of money in Australia trying to get the Corvette logo trademarked but have run into a brick wall because the Chevolet bow-tie encapsulated with in the Corvette logo is considered by the Government to resemble the Red Cross, a proscribed symbol/name (like ANZAC, Bradman etc). I think GM's ultimate intention is to get the Chevrolet name/badge trademarked so that they can eventually bin Holden or sell the name off to PSA or someone else and start up Chevrolet soon after.

http://www.4wheelsnews.com/auto/gm-corvette-logo-australia-red-cross-resemblance-36658.html

Cheers, Matthew

[mac06]

It will be interesting to see how long GM continue to use PSA for their Holden product. The GM media release as below indicate a continuation, but for how long??....

http://media.gm.com/media/us/en/gm/home.detail.html/content/Pages/news/us/en/2017/mar/0306-opel-vauxhall.html?sf60381924=1

Some quotes-


GM will also participate in the future success of the combined entity through its ownership of warrants to purchase shares of PSA. GM and PSA also expect to collaborate in the further deployment of electrification technologies and existing supply agreements for Holden and certain Buick models will continue


Opel/Vauxhall will also continue to benefit from intellectual property licenses from GM until its vehicles progressively convert to PSA platforms over the coming years.