#opel

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.

What’s the selling price for a huge automaker’s entire European operations? $2 billion, apparently — one billion in cash and another billion in gained liabilities.

That’s the valuation that General Motors and PSA Group are discussing as the American automaker attempts to unload its Opel and Vauxhall divisions, Bloomberg reports.

“Buick revealed its Cascada convertible, an elegant four-seater that will go on sale in the USA in the first quarter of 2016. This marks another example of the two brands’ successful collaboration, which already includes the jointly-developed Buick Encore and Opel Mokka, the Buick Verano and Opel Astra notchback as well as the Buick Regal and Opel Insignia,” proclaimed Opel in January 2016, just ahead of the Cascada’s reveal in Detroit.

One paragraph. Four products that intrinsically link Opel and Buick.

It’s no surprise, then, that General Motors’ possible sale of Opel to Peugeot has those in and out of the RenCen wondering: What of Buick?

Peugeot seems to be on a roll. PSA Group, formerly known as PSA Peugeot Citroën, announced a new five-year strategy last year after its bailout by the French government. This week we’ve seen some big movement on a potential purchase of Opel and Vauxhall from General Motors. The news was upsetting at Opel’s headquarters in Rüsselsheim, Germany, and the rumblings were loud enough to warrant a personal visit from GM CEO Mary Barra.

In lesser reported news, however, Peugeot’s net has already been cast over a storied Indian nameplate — the Hindustan Ambassador.

It comes across as a movie scene where the departing mother soothes the nerves of two children frightened by their father’s impending remarriage.

In this case, the children are the trembling employees of German General Motors division Opel, and the departing parent is GM CEO Mary Barra. Well, “departing” isn’t accurate, at least not yet. The American automaker is in talks with France’s PSA Group to potentially sell off Opel, as well as its Vauxhall sister division.

Yesterday, Barra spoke to employees at Opel headquarters, hoping to allay fears and quell protests from Opel’s works council and union, as well as the German government. Her words, or what we know of them, relayed the message, “Kids, it’s gonna be okay.”

As politicians and labor unions in Europe reel from yesterday’s revelation of high-level talks between General Motors and Peugeot over a possible sale of Opel, GM’s most European-infused brand on this side of the Atlantic is operating business as usual.

Buick, which is GM’s second-largest brand globally by volume behind Chevrolet, has product in the wings, including the largely rumored but unconfirmed Buick Regal, based on the recently revealed Opel Insignia.

Buick sees no problem with that.

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.

Maybe it’s leftover regional rivalry from generations past, or perhaps Germany just doesn’t want anything to affect its status as Europe’s financial powerhouse. Whatever the deep-seated reason, the residents of Deutschland are none too pleased about a possible French takeover of the Opel brand.

Earlier today, PSA Group, maker of Citroën and Peugeot vehicles, was revealed to be in serious talks to acquire the General Motors-owned automaker (as well as its Vauxhall sister company). Politicians and the head of Opel’s workers union apparently didn’t see this coming.

On the other side of the Maginot Line, the French seem just fine with the idea.

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.

Longer, sleeker, and lighter than before. That’s the gist of General Motors’ next-generation Opel Insignia, the Euro midsizer that provides the template for Buick’s upcoming Regal.

Long in the tooth and a little cramped, the Regal is poised to shed its cloak of invisibility by adopting the Insignia’s E2XX platform and most of its styling cues for the 2018 model year. Expect greater interior volume, up to 440 pounds of weight loss, and an available V6 powerplant.

Oh, and expect a wagon, according to a TTAC source. And not just any wagon — a faux crossover that GM, crossing its fingers, hopes can lure buyers away from the overstocked buffet of lifted utility options.

While in recent months TTAC has reported on the declining popularity of the four door, there are still a plethora of fast sedans in the marketplace.

In fact, the performance extracted from them was unfathomable even a generation ago. How did we end up at a 500-horsepower Audi, a 640-horsepower Cadillac and 707-horse Dodge? What were once numbers reserved for otherworldly exotics now are found in a pedestrian nameplate.

But this is no new trend, for while the current power war we’re experiencing has generated outlandish performance numbers for a mere average Joe, the recipe of sticking the most punch possible into a sedan for the masses goes back a long way.

The United Kingdom isn’t scared of electric vehicles, what with their high fuel prices and limited driving distances (when compared to the U.S.).

However, General Motors has developed a serious case of cold feet on the issue of launching a Vauxhall-branded Chevrolet Bolt, which could prove a decent sales performer. An all-electric range of 238 miles is impressive, so why is the General so shy?

Britain’s recent vote to leave the European Union could cause General Motors to up and leave the country, industry analysts predict.

Production of Vauxhall and Opel vehicles could shift across the Channel if the EU places import tariffs on vehicles bound from Britain, LMC Automotive said in a report, ending GM’s decades-long presence.

Volkswagen must be enjoying watching its rival squirm on the end of the same hook.

German regulators have singled out GM’s Opel division over carbon dioxide emissions from some of its vehicles, but the automaker says it isn’t in the wrong.

Facing accusations that it used a ‘defeat device’ to shut off emissions controls, Opel must now submit information to an investigating committee. During a meeting yesterday, Opel executives admitted that the popular Zafira model has software that shuts down exhaust treatment systems at high speeds and altitudes.