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 staff from two shifts to one. Higher … [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 changes in Vauxhall’s Ellesmere Port Astra … [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 create Europe’s second biggest automotive … [Read more...]