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GM General Motors announced Monday it would sell Opel and its funding body French car giant PSA for 2 € 2 billion, a vote of censure GM uncommon in the European market.
But China Dongfeng Motor Kong, which has a stake in PSA 14, could enjoy the Opel case could sell Dongfeng perhaps the Opel brand in China.
Vauxhall Corsa cars are displayed for sale at a Vauxhall dealership March 6, 2017 Luton, French auto giant PSA England Group today announced the acquisition of General Motors Europe, which includes Opel and Vauxhall brands 2 2bn EUR GBP 1 9bn sale includes British Vauxhall has assembly plants in Luton and Ellesmere Port picture Carl Court Getty Images.
Nearer term, the impact of PSA-Opel agreed Dongfeng will be relatively modest in 2016 GM's results showed GM Europe incurring a loss 300mn EBIT 14 would represent a small drag on results of Dongfeng Given the history of Tavares cost reductions that we would not bet against a rapid recovery means with a bit of luck in European car sales PSA-Opel deal could gradually become positive for Dongfeng from 2019 or perhaps even 2018.
PSA revealed on his appeal that he would be free to use the Opel brand in the world, as long as cars have used PSA technology such Crosslander X, two ostensibly exist Opel left China in 2015, but the uccessful return seems feasible in our view, given the power of the brand Germany in China as evidenced by the big three and Borgward little known given the difficulties experienced by Peugeot and Citroen in China, we d go as far arguing the Opel location will be imperative for profits Dongfeng PSA.
This is because investors already have an offer of shares by Dongfeng 20 this year on expectations that the Chinese automaker Dongfeng dividend hike will announce its results for the December quarter, March 27.
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