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Discussion Starter #1
There is a report on MSN cars that GM is to take over PSA groupand run it alongside Opel .
The PSA group is losing millions of euros a year and is after a merger .

Has anyone seen anything else ?
 

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Read a similar story.
The thought of having a Vauxhall/Opel makeover doesnt appeal much at all.


Lets hope its not the end for PSA because SAAB was killed off if my memory serves me correctly.
 

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Discussion Starter #3
Rev G said:
Read a similar story.
The thought of having a Vauxhall/Opel makeover doesnt appeal much at all.


Lets hope its not the end for PSA because SAAB was killed off if my memory serves me correctly.
No it doesn't appeal to me either . Had a new Astra for about 9 months and it was rubbish ,
ifanyone thinksCitroen aftersales are crap let them try Vauxhall/Opel dealerships


Yes GM did finish Saab , they just wanted Saab to tart up and rebadge Vectra's and then sell them for more . As the saying goes " YOU CAN'T POLISH A TURD " .
 

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Looking on tinternet it would appear to have fire.PSA are basically insolvent due to socialist French Govt not allowing them to rationalise plants and capacity, and the poor European markets for French cars - Germans don't buy French in big numbers, and Spain, Italy, Ireland, Portugal and Greece etc are all struggling.
If they do not do something it is predicted they could go into receivership by end of 2013 - not good for any of us - look what happened to Saab, value of cars and spares!!



Apparantly the chinese don't want to touch PSA - which is worrying as they will usually buy anything Western, so suggests some toxic debt and serious rationalisation needed.
Because GM owns 7% already they are then seen as the possible lifeline, but only if they can close French sites and take them to more efficient British and German ones. Hence the agreement for Peugeot owners saying they will relinquish controlling interest to GM.


Is a choice between the devil and the deep blue sea, either way we will lose something.
 

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Discussion Starter #6
My son has just brought a Guilietta 170 diesel top car mate . It goes like stink and is returning 47mpg .
 

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But it does'nt have the double chevron.
 

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Discussion Starter #9
Rev
No mate , he had it from the dealership on the A50 at Holmes Chapel its got a Italian name beginning with M . It's grey , a lovely really stylish car . It handles really well thanks to a DNA switch that alters the suspension and throttle response . He part ex a BMW 120 for it and say's the Alfa is on par with that . It's 2011 with 18k on the clock and he gave £12500 for it so someone has taken a big hit on it from new . Platts have got a white one but want £16000 for it .
 

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Seems he landed a good deal there! Ive just checked out the website its Mangoletsi some nice cars. Problem is I really like the DS4 so I think I'll stick with it and hope GM back off
 

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The problem is all these companies are - companies within companies these days.Alfa is part of Fiat that as well as owning Ferrari, Lancia etc also owns Chrysler, a car company with a not too sexy record!!!



Hell Proton own Lotus for gods sake!!
 

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Discussion Starter #13
I've asked down my dealers about this take over and they said there's been a rumour going round since march . PSA want to mothball a factory and lay off 8000 workers ,yes 8000 ! The French government isn't keen on this and is trying to stop it happening but under EU law the government isn't allowed to take it over . Not that EU law bothers the French government . GM have got their own problems with Opeland the unions at PSA who willcall a strike if they change a toilet roll without a meeting , sounds like BL in the seventy's. GM want to shut production in France and move it to Germany and the UK .Renault are also having problems and it's very unlikely the French will let them fail .
Another rumour is that they are going to do away with the C range and concentrate on the DS to save competing with the Peugeot . Time will tell .
 

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SBK that all sounds the 70,s British bug as you say! I used to drive those BL cars as company cars absolute crap!

Makes sense for them to ditch the C range and concentrate on the DS as and really push the range upmarket. I think the Pugs reputaion for reliability is worse than Citroens especially with the electrical gremilins they struggle with.

Isnt Renault allready government owned? I had a "shake your bum" Megane which was in the garage more than on the road, teh aircon went, airbag system crashed, electrical gremlins were incessant. Took my losses with the car and went back to Citroens.

I have to say I really love this DS4
 

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Rev I made it!!I don't think Renault is Govt owned although I think they did have a large stake in it at one time (but under EU rules not allowed now). Renault are joined with Nissan now, hence new non-electric models all based around Nissan products - Juke etc.
I would say this is a game of poker - chicken and egg- PSA want to rationalise factories, French Govt wont let them, so they say they will go to GM, who want to close factories and moved them out of France - what do you think will happen next????
 

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Citroen is almost like a French institution, I doubt the French government will allow it to falter. Citroen are already making some inroads in China market and Peugeot cars are selling well in Asia - in time Europe will come out of their economic doldrums and I hope the PSA group will become stronger.
 

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The biggest problem Ajdar is that they will go bankrupt if they cannot refinance / rationalise by end of the year - so time is against them. I still feel this is a game to make French Govt change its mind, but that will still have ramifications as the French people are not opposed to a bit of industrial action!! Its still tough times, regardless of the optimistic magic indicators that George Orwell has fabricated at the treasury.
 
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