Vauxhall is closing its Ellesmere Port car plant tomorrow and Luton van assembly plant from thursday. They along with other PSA plants throughout Europe will be shut until 27 March and the 2,560 UK workers will get paid leave. It is part of the industry's response to the spread of Coronavirus around the world with many plants closing to protect workers … [Read more...]
Massive merger of European brands on the cards
Talks have started to merge Peugeot-Citroen-Vauxhall and Fiat-Chrysler-Jeep operations around the world. The new business would be the fourth biggest in the automotive sector and have implications for all their current manufacturing plants building 8.7 Million vehicles annually and turning in a €170 Billion revenue and €11 Billion profit. The deal will … [Read more...]
Tradelines 8 May
Following its unveiling at the Geneva International Motor Show in March, the upgraded four-model Kia Niro series is now on sale in the UK from £24,590 for the petrol hybrid to £31,945 for the plug-in hybrid ev version. Enhanced for 2019 with a new exterior design, a more upscale, high-quality interior and enhanced connectivity, the Hybrid and Plug-in Hybrid … [Read more...]
Slovakian aid to JLR given green light by EC
JLR has been cleared of receiving illegal EU money for its new assembly plant in Nitra, Slovakia. The European Commission said yesterday it concluded that Slovakia’s £110.6 million of investment aid to Jaguar Land Rover was in line with EU State aid rules. The Commission said public support for the British carmaker to build in the Nitra region was … [Read more...]
£170M Vauxhall Luton van plant investment
Vauxhall Luton van plant will build the next generation Vivaro from next year, and probably some Peugeot and Citroen models which will use the same platform in the group. The news today secures about 1,400 jobs beyond 2030 and represents up to £170m investment in the plant said the Unite union, including about £9M from the Government. It is also expected … [Read more...]
Newslines 20 January
Vauxhall’s Ellesmere Port plant must halve its production costs if it is to meet PSA goals, company boss Carlos Tavares has told journalists at Detroit motor show as he prepares to meet UK Government and unions. The new owner of Ellesmere Port and Luton van plants said their French equivalents cost half as much to operate and it has already announced 650 … [Read more...]
Vauxhall cut another 250 jobs in UK, for now
A further 250 jobs will go at Vauxhall, Ellesmere Port. These are in addition to the 400 posts it announced in October and follow a dramatic slowdown in UK sales at a time when the company’s new parent in France, PSA Group, is looking for greater efficiencies at it rolls out a new business plan. The Ellesmere Port plant makes the Astra and it will move … [Read more...]
PSA will buy Vauxhall, it is confirmed
PSA Peugeot Citroen will buy GM Europe, it has been confirmed and announced this morning. Vauxhall and Opel will come under the same control as Peugeot, Citroen and DS in the £1.9 Billion deal. Now there will be detailed due diligence discussions before the final contracts are signed, possibly in a year’s time. The deal is unlikely to see any … [Read more...]
Vauxhall face PSA merger deal to cut costs for firms
Vauxhall is facing the prospect of a merger with French vehicle maker PSA Peugeot Citroen. The British company’s parent and co-owner of Opel, General Motors, wants to divest itself of its two European operations. Vauxhall Opel and PSA have for five years collaborated on SUV and LCV projects but now their tie up could become more extensive and would … [Read more...]
