After talk of increasing the seperation between Chevrolet and Opel, GM has announced that it will axe the Chevrolet brand in Europe, despite previously aiming to make Chevrolet its low-cost brand, while signing a nine-year, $584 million deal to have the brand sponsor Manchester United football club.
In the wake of news that China’s Dongfeng Motors is going to take an equity stake in PSA/Peugeot Citroen, the French automaker says that it is scaling back its alliance with General Motors, which owns 7% of PSA. PSA said that a planned joint subcompact platform that was seen as the basis of the tie-up with GM will probably be cancelled. “Further analysis showed that the business model just wasn’t there,” a PSA spokesman said. Financial statements released by PSA say that anticipated savings of $1 billion due to synergies with GM will be adjusted downward.
Chevrolet will not be the sole brand in GM’s stable to offer a diesel passenger car. According to reports, Buick is next up for a diesel engine. It’s not known which Buick would get an oil burner but the likely candidate is the Verano, which shares a platform with Chevy’s Cruze, which is now available with a four cylinder turbo diesel in the U.S. The Opel Astra, even more closely related to the Verano, already offers a 1.9 liter CTDI diesel in Europe. (Read More…)
Opel Chairman Karl-Thomas Neumann told reporters gathered at the Frankfurt Motor Show that General Motors is considering selling the Opel Adam subcompact in the United States as a Buick. “We are looking at it,” Neumann told Automotive News. “Nothing is decided. But it’s an example of some of the Opel product being used elsewhere in the world.”
Opel and Buick already share some product. The Opel Insignia is sold as the Buick Regal and the small Opel Mokka crossover is marketed as the Buick Encore. The Encore has been selling at about double the rate that GM expected, proving that GM’s near-luxury brand Buick can sell small cars. (Read More…)
Amid labor unrest in Korea, and a desire to utilize capacity in Europe, GM is moving production of the Opel Mokka (aka, the Buick Encore, and Canada’s Chevrolet Trax) out of Korea and into a facility in Zaragoza, Spain.
The Cadillac Catera, a rebadged Opel Omega that was supposed to entice car shoppers about 50 years younger than the typical (non-Escalade) Cadillac buyer of the time, disappeared from the streets of North America without leaving much of a trace. Sufficient Cateras remain, however, to ensure that examples will show up in wrecking yards from time to time; in this series, we’ve seen this ’97, this ’98, and now today’s find. (Read More…)
Mired in the same overcapacity crisis as the rest of Europe’s auto makers, the founding family of PSA is reportedly willing to give up control of the company that owns Peugeot and Citroen in exchange for a fresh infusion of capital from GM, which currently owns 7 percent of PSA.