Cars Vauxhall takeover: PSA Group wants a refund

18:38  07 december  2017
18:38  07 december  2017 Source:   Motoring Research

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Makes you want to demand your money back. That’s how the PSA Group is feeling about Opel and Vauxhall , which it purchased from General Motors in August. According to a report from the Reuters news service

Why does PSA want Opel and Vauxhall ? It follows the standard industry logic of why car companies merge. All the group ’s cars will go onto a combined set of platforms and powertrains. At the Geneva show (almost unnoticed amid the takeover kerfuffle) Vauxhall and Opel launched the Crossland X

Vauxhall takeover: PSA Group wants a refund © Provided by Motoring Research Vauxhall takeover: PSA Group wants a refund

PSA Group has told General Motors that it wants a 50 percent refund after it discovered that it had been misled over the emissions strategy of Vauxhall and sister brand Opel.

That’s according to a report by Reuters, which claims that PSA Group is seeking more than half a billion Euros from Opel/Vauxhall’s previous owner. The original deal reportedly cost the French car maker €1.3 billion.

While neither side is commenting on the matter, PSA CEO Carlos Tavares said last month: “We became aware a few weeks after we finalised the closing that the company was going to the wall on CO2 emissions.

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Share. Tweet. Share. Share. Email. Comments. Related Stories. Laurence Frost and David Milliken Reuters February 18, 2017 14:08 CET. LONDON — PSA Group CEO Carlos Tavares will meet British Prime Minister Theresa May to discuss his automaker’s planned acquisition of General Motors’ Opel

Why does Peugeot want to buy Vauxhall and what could the deal mean for customers and employees? By Rob Hull For Thisismoney.co.uk. As a result of the takeover , the PSA Group can now call itself the second biggest automaker in Europe, leapfrogging Renault to have a 17 per cent market share in

“We put our teams to work to completely rebuild the product and technology strategies. If you fail to comply, the weight of fines you are hit with can threaten the company’s existence.”

Confirmed: PSA Group is buying Vauxhall for £1.9bn:   © Provided by Motoring Research  

EU regulations mandate that manufacturers meet a fleet average of 95g/km CO2 by 2021, down from the current 130g/km.

Car makers could be fined €95 (roughly £84) per car for every gram over the limit, leading to car makers desperately trying to reduce carbon emissions ahead of the deadline – not helped by a decline in diesel car sales as buyers switch to less frugal petrol cars.

Initially, PSA said it believed Opel and Vauxhall would exceed the 2021 limit by 3.7g/km. That’s now been increased to 10g/km, which could cost hundreds of millions in fines.

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How do I request a refund ? We give refunds for Skype products in accordance with the refund policy section of Skype's Terms of Use. Sign in to your account and from your purchase history, select the order you want a refund for.

The possible takeover of the GM daughters Opel and Vauxhall by the PSA Group offers tremendous opportunities but also presents brand strategy challenges. Do you want to discover your brand's potential?

According to the Reuters report, GM’s “unrealistically high” sales projections for the electric Ampera-e (which won’t be marketed in the UK) and diesel-powered cars led to the miscalculation.

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Hunt for drivers after woman hit by 4 vehicles .
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