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What a difference a few (hundred thousand) recalls make. In a sales market best described as stagnant, a widespread vehicle glitch can dog an automaker’s balance sheet. That seems to be the case at Ford Motor Company, which saw its first-quarter profit fall 35 percent on a combination of factors — not the least of which was a pair of recalls of engine fires and faulty door latches.
Elsewhere in the domestic market, General Motors rode to the financial finish line with a record post-bankruptcy net income while Fiat Chrysler Automobiles climbed further into the black. Read More >
When you’re hot, you’re hot. And when you’re the architect of a leasing promotion gone bad (by way of being too successful), you’re fired.
PSA Group reportedly canned its top German managers after a scorching lease deal on Peugeot 208 hatchbacks sent the country’s residents clamoring for wildly discounted French cars.
It wasn’t supposed to be that way. Read More >
Few things are more annoying than trying to extract vomit from cloth upholstery while pulled over at a gas station. Depending on the meal that preceded the involuntary stomach evacuation, it could be a tough slog.
Ford Motor Company, always one for innovation, is actively seeking out ways to reduce instances of lost lunches and tossed cookies. No, it hasn’t installed a “turkey dinner” mode on its Fusion Sport, but it has put its German research and development team on the case. Read More >
Say you’re a dealer with a backlog of slow-selling models. What’s the last thing you would want?
The correct answer would be a springtime deluge of more of the same, whether you asked for it or not. That’s what some angry retailers across the Atlantic are facing after Fiat Chrysler Automobiles dumped 6,000 anemic sellers into Italian dealer management systems at the end of February. Read More >
Europe always seemed like a safe haven for the sort of car lover who turns up their nose over North America’s obsession with the sport utility vehicle. That’s now changing, as European demand for SUVs and crossovers continued to grow in 2016. While it may have a penchance for slightly smaller models, the EU saw disproportionately high sales of compact crossovers last year.
In total, SUV sales accounted for 25 percent of all European passenger vehicle sales in 2016 — up from 21 percent the previous year. That doesn’t quite equal the United States’ fervent addiction but, if the European Union keeps this pace, it’ll be less than a decade before it closes the gap. Read More >
In a developing story, the Stuttgart prosecutors’ office has launched an investigation into employees of Daimler, parent company and manufacturer of Mercedes-Benz BlueTEC engines. At issue is the (lately) very common Germanic malady of diesel infidelity.
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In the immortal words of ex-fighter pilot and Boeing 707 rescuer Ted Striker, “What a pisser.”
The resurrected Alpine A110, which never seemed like it had much of a chance of making it stateside, is officially barred from American driveways. Renault’s retro, mid-engined performance stimulated saliva glands when it debuted last year as a near-match concept car, leading some to dream that a French alternative to Porsche’s Cayman could become a U.S. reality.
The late Charles de Gaulle once said that France has no friends, only interests. Well, France isn’t interested in making this American dream come true. Read More >
As expected, General Motors started off the work week by officially announcing the selloff of its European division to France’s PSA Group.
The Opel and Vauxhall brands, which have stubbornly resisted all attempts to return to profitability, are no longer GM’s problem. It’s a complex deal, but on the product side, Americans can still expect a generation of Buick Regals based on the Opel Insignia. Read More >
As expected, a transfer of General Motors’ subsidiary Adam Opel AG to European automaker PSA looks to be a done deal.
PSA’s board approved the deal on Friday, with an official announcement planned for early next week. Considering the European peripheral has cost GM $15 billion in losses since 2000, GM probably isn’t terribly sad to see Opel go.
With talks progressing all week, the two automakers focused on differences on about $10 billion worth of Opel outstanding pension deficiencies and a GM request that a PSA-owned Opel would not compete with its own Chevrolet-based lineup in China or in other overseas markets. Read More >
Automakers, having long since abandoned the once-hot American wagon market, are returning to see if a lingering spark can be rekindled.
Consider Buick as one of the brands brave enough to cast its line into the pool in the hopes of a bite. The next-generation Regal, which already graces European car mags as the Opel Insignia, won’t come to the U.S. simply as a sedan. Opel’s Insignia Sports Tourer creates a fine opportunity for Buick to deliver a new wagon to these SUV-crazed shores..
However, we’re a go-anywhere, do-anything bunch over here, and any wagon coming to America had better have some cladding and about an inch and a half of lift!
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A report released by PSA Groupe, maker of Citroën and Peugeot vehicles, details the first part of a 10-year plan to reintroduce PSA brands into the North American market, starting in the United States this week!
So, how do you feel about mobility solutions?
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Peugeot Citroën’s planned purchase of Opel and its operations from General Motors is believed to be largely a done deal, with only minor details remaining.
According to Bild, the details will be announced on the first of March. It’s thought that both GM and PSA want to sign the papers before the Geneva International Autosalon, where Opel will introduce the new Insignia sedan and PSA plans to show the new DS7 mid-size crossover. The deal does not include Australia’s once-glorious-but-now-gutted Holden brand. Read More >
Opel autoworkers and executives worried that a French takeover will see their pretzels and bratwurst replaced by baguettes and brie can rest easy, or so the automaker looking to buy their company claims.
France’s PSA Group, which could submit a bid to buy Opel and sister division Vauxhall this week, would give the German automaker the autonomy it desperately craves, the company’s CEO told labor reps and Germany’s chancellor.
That elongated “Z” won’t become a fleur-de-lis. Read More >
After yesterday’s shocking news of a potential takeover of GM-owned Opel and Vauxhall by France’s PSA Group, General Motors CEO Mary Barra hopped on a plane to the Fatherland.
Given the sudden uncertainty surrounding a major employer, Opel’s works council, labor union and the German government staged a collective panic attack. Soothing words were needed, stat. Britain, home of Opel’s Vauxhall sister division, would also like to hear a few assurances of its own. Read More >
Multiple media sources are reporting that an acquisition of General Motors’ European divisions by France’s PSA Group could occur within a matter of days.
Talks between GM and PSA, maker of the Peugeot, Citroën and DS brands, are reportedly at an “advanced stage.” If finalized, the deal would see GM shed the money-losing divisions it has owned for nearly a century. Read More >