carlos tavares

The PSA Group could close the Vauxhall production plant in Ellesmere Port if the UK leaves the European Union with a 'no-deal Brexit'. Speaking with the Financial Times, PSA Group boss Carlos Tavares said the company already has alternative production site in Southern Europe lined up for the Astra.

PSA Group CEO Carlos Tavares will meet UK prime minister Theresa May to discuss the company's intention to buy the money-losing Opel and Vauxhall brands from General Motors. The planned talks must be construed as a clear indication that PSA's intent to take-over GM's European arms is serious and advanced. PSA, which comprises Peugeot, Citroen and DS, has already met with German chancellor Angela Merkel.