Basic Motors Wants $two Billion For Opel/Vauxhall: Report


What’s the selling price tag for a large automaker’s entire European operations? $ 2 billion, apparently — one billion in money and an additional billion in gained liabilities.

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

Sources close to the discussions claim an agreement could be reached as soon as subsequent Thursday. That’s when PSA releases its 2016 earnings report.

However, there’s no shortage of sticking points that could sink the deal. The sources claim issues like pension liabilities, brand worth and savings possible have however to be hammered out.

Germany was shocked to understand of GM’s plans earlier this week, with politicians joining Opel’s performs council and union in expressing concern — bordering on outrage — more than the American company’s failure to seek the advice of them. The sources claim that GM will require to stroll a economic tightrope. On one side, the price has to be low enough for PSA to shake hands, but there also requirements to be expense savings that Germany, Britain and the unions can agree on. A tall order.

Neither nation desires to see any if the assembly plants close, nor drop any of its workforce. Three Opel plants are situated in Germany, whilst Britain hosts two Vauxhall plants.

Whilst an acquisition of Opel/Vauxhall by PSA would assist the companies seize a greater European market share while sharing technology, some merchandise — and the factories in which they’re built — might not have a long lifespan.

“We are prepared to conduct talks with PSA in the case of an acquisition openly and in a constructive manner and to bring those talks to a conclusion as soon as possible,” said Wolfgang Schaefer-Klug, Opel’s top labor representative, stated in a statement these days.

“Our objective need to be to seize the current possibilities to safeguard employment and internet sites to produce a profitable Opel/Vauxhall.”

What the sell-off implies for Buick, which relies heavily on Opel for its U.S. lineup, is up for debate. TTAC, of course, has a handful of ideas.

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Avalanche two.: Chevrolet Silverado Higher Desert Package

Chevrolet Silverado High Desert

The buttress is back, child!

Chevrolet fans nevertheless in mourning more than the loss of their beloved Avalanche get an early Christmas present this year. A new Silverado package arrives this fall with all the goodies a ‘lanche aficionado could want, minus the acres of grey bodyside cladding.

The Higher Desert Package, inspired by a notion car shown at the 2014 SEMA show, is available on LT, LTZ, and High Nation trims, adding upscale exterior fittings and a versatile locking cargo program with dual side storage bins. You will by no means locate that hammer you left…somewhere.

Chevrolet views the waterproof, multi-compartment storage technique as the answer for men and women who really want a pickup, but opt for an SUV due to the stuff they’re forced to cart about.

Chevrolet Silverado High Desert

“The High Desert package blends the capability and utility of Silverado with the refinement and luxury of Suburban,” stated Sandor Piszar, director of Chevrolet truck advertising and marketing, in a statement. “It’s best for those buyers who want each the security of a lockable cargo location, as well as the flexibility of a pickup truck bed.”

The package also brings GM’s Magnetic Ride Handle suspension into the Silverado lineup. The self-conscious, road-damping suspension lends a refined, SUV-like ride to the pickup, filling out the “luxury” side of the package.

Whilst not a standalone model, Chevy clearly knows who it’s romancing with this package. The proof is in the pillars, or more specifically, the flying buttress treatment out back.

The Avalanche is dead, but it has a son with one more name.

[Image: Common Motors]

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