Jump to content
Forums Gone... but not forgotten!

Tired of these Ads? Register Today!

  • Welcome to Forever Pontiac

    We are a community of Pontiac enthusiasts. The purpose of our community is to keep alive the Pontiac spirit by sharing (or showing off) our cars, discussing Pontiac, helping each other work on our cars and find information, plus attend various meets/shows/etc... To aid discussion, sharing, event planning and selling of parts/cars/anything, we have various parts of the website to aid this from Forums to an online Garage to Classifieds to even a Document Download Repository. You can find links to these in our navigation above based on what each section helps with (discussion, local events, learning, etc...).

    We invite you to contribute, find help or just view some of our member's amazing cars! Don't forget, we also have great contests from time to time (like our Pontiac of the Month and yearly calendar contest) and our Pontiac This OR That, a fun game where you choose the best of two randomly selected Pontiacs from our online garage.

    We look forward to seeing you around!

Sign in to follow this  
Frosty

General Motors could exit Europe with $1 billion Opel sale to Peugeot

Recommended Posts

This would be huge if GM decides to exit the European market entirely! While Vauxhall is still around, most models are re-badged/re-engineered Opels with left-hand drive. Holden is all but gone as well. Perhaps GM is considering becoming a North American and Asia only car company? South and Central American operations are still money losers too.

http://www.cnbc.com/2017/02/15/general-motors-could-exit-europe-with-1-billion-opel-sale-to-peugeot-analyst.html

After making billions of dollars in losses since the start of the century, General Motors may be ready to off load Opel to French automaker PSA Group for about $1 billion, according to analysts at Evercore ISI......

Edited by Frosty

Share this post


Link to post
Share on other sites

Tired of these Ads? Register Today!

Absolutely crazy! I like a lot of what Opel/Vauxhaul does. Though come to think of it a lot of their cars are just rebadges. 

Share this post


Link to post
Share on other sites

In some respects, I can't blame GM. I mean how many decades have they been losing money in Europe? At some point, you have to fish or cut bait.

Share this post


Link to post
Share on other sites

Well, cut bait or stop selling automobile shaped garbage and get back to selling quality vehicles.

Share this post


Link to post
Share on other sites

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now
Sign in to follow this  

Tired of these Ads? Purchase Enhanced Membership today to remove them!
×

Important Information

We have placed cookies on your device to help make this website better. You can adjust your cookie settings, otherwise we'll assume you're okay to continue.