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Peugeot will electrify all models by 2025, planning return to the US

Carlos Tavares, CEO of the PSA Group, parent company of Peugeot, Citroen, DS, Opel and Vauxhall, outlined his company's plans for electrified vehicles and the world's second-largest car market. Electrification Speaking at the Automotive News World Congress on the sidelines of the 2018 Detroit motor show, Tavares committed to offering at least one fully-electric or partially-electric version of each of the company's models by 2025...

PSA Group wants refund from GM for Opel purchase - report

The PSA Group, parent company of Peugeot and Citroen, is reportedly seeking a refund from General Motors for half the purchase price of Opel. According to Reuters' sources, PSA understands Opel will significantly exceed the European Union's 2021 CO2 emissions target for passenger vehicles of 95 grams of CO2 per kilometre — equivalent to 3...

Opel announces turnaround and expansion plans

Opel has announced its turnaround plan as promised, 100 days after the PSA Group took ownership of the German and British automaker. At press conference overnight, Michael Lohscheller, Opel's recently installed CEO, laid out details about its "Pace!" strategy, which aims to bring Opel into the black by 2020 after two decades in the red...

Opel to become Peugeot's electric R&D hub, expand into new markets - report

Details about the restructuring of Opel under the leadership of the PSA Group, owner of the Peugeot, Citroen and DS brands, have leaked ahead of their official announcement. According to the Frankfurt Allgemeine Zeitung, Opel's Russelsheim technical centre will become a key research hub for the French-German automaker, and will focus on developing partial or full electrification solutions for all of PSA's platforms...

2018 Commodore (sort of) shortlisted for World Car of the Year

The Opel Insignia, near-identical twin to the Holden Commodore, has been nominated for World Car of the Year. The replacement for the locally-built Commodore, set to arrive in dealerships in February next year, is among 35 cars nominated for the award, won by the Jaguar F-Pace last year. Previous winners also include the Mazda MX-5, Audi A3 and Mercedes-Benz A-Class...

Peugeot parent completes takeover of Opel/Vauxhall from GM

The PSA Group, the parent company behind Peugeot, Citroen and DS, completed its takeover of Opel and Vauxhall from GM on August 1. Opel has promised to deliver a new performance plan within 100 days, with the key goal of achieving operational profitability by 2020 and a six per cent profit margin by 2026...

Millions of German diesel vehicles to gain emissions cutting software upgrade

After an event billed as the National Diesel Forum, involving Germany's top political leaders, the Volkswagen Group, BMW, Opel and Daimler (parent of Mercedes-Benz) have agreed to upgrade millions of diesel vehicles to cut their pollution output...

EU approves Peugeot's purchase of Opel/Vauxhall from GM

The PSA Group's purchase of Opel and Vauxhall from General Motors has been given the go-ahead from the European Union's antitrust authorities. With approval secured from the EU, one of the key hurdles has been cleared in the 2.2 billion euro ($3.3 billion) purchase of the majority of General Motors' European operations by the PSA Group...

Opel CEO Karl-Thomas Neumann resigns as Peugeot takeover moves forward

Karl-Thomas Neumann has stepped down from his position as CEO of Opel, effective immediately. Neumann has been replaced by Michael Lohscheller, who has been Opel's chief financial officer (CFO) since September 2012. Neumann will remain on Opel's management board until the sale of Opel/Vauxhall to Group PSA, parent company of Peugeot, Citroen and DS, is completed...

Pope Francis receives new Opel Ampera-e

An all-electric Opel Ampera-e has been given to Pope Francis as part of the Vatican City's push to eliminate greenhouse gas emissions. The Opel Ampera-e is essentially a Chevrolet Bolt with different grilles and badging. The two cars feature the same drivetrain consisting of a 150kW/360Nm electric motor and a 60kWh lithium-ion battery pack...

Opel/Vauxhall sale held up by disagreement over on-going development work - report

The sale of Opel and Vauxhall to the PSA Group, owner of the Peugeot, Citroen and DS brands, has reportedly hit a snag. Sources have informed the Allgemeine Zeitung the company's works council has paused the transition timeline. Employee information sessions, which were due to be held this week, have been postponed indefinitely...