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    • By William Maley
      How much is Opel worth? According to Bloomberg, the valuation being discussed by General Motors and PSA Group puts it around $2 billion dollars. According to sources, the total comprises about $1 billion in cash and about $1 billion in liabilities. The amount could change as two are still assessing a number of items such as the value of brand rights and savings potential.
      The sources also the framework for PSA to buy Opel could be finished by Thursday. This would be the same day when PSA Group reports full-year earnings. The sources go on to caution this could be pushed back because of the complex nature of the deal such us finding ways to reduce costs while keeping workers and the various unions happy.
      Source: Bloomberg

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    • By William Maley
      How much is Opel worth? According to Bloomberg, the valuation being discussed by General Motors and PSA Group puts it around $2 billion dollars. According to sources, the total comprises about $1 billion in cash and about $1 billion in liabilities. The amount could change as two are still assessing a number of items such as the value of brand rights and savings potential.
      The sources also the framework for PSA to buy Opel could be finished by Thursday. This would be the same day when PSA Group reports full-year earnings. The sources go on to caution this could be pushed back because of the complex nature of the deal such us finding ways to reduce costs while keeping workers and the various unions happy.
      Source: Bloomberg
    • By William Maley
      Fiat Chrysler Automobiles' New York showing looks to be all performance. We already know the Dodge Challenger Demon which looks to be even madder than the Hellcat will show up, but there is also the possibility of a high-performance Jeep coming as well.
      Motor Authority has learned from a source that Jeep will be showing the Grand Cherokee Trackhawk - the one with the Hellcat V8 - in New York. This follows a report from last year where Jeep CEO Mike Manley said the model would debut sometime in 2017.
      The Trackhawk is one of the worst kept secrets in the past few years. Various spy photos and videos have shown Grand Cherokee mules of all sorts running around with key changes to indicate a more powerful engine - larger vents and brakes for example. A number have also reported the distinctive sound of the Hellcat V8. It is still unclear if the Trackhawk will get the full 707 horsepower or be detuned.
      Source: Motor Authority

      View full article
    • By William Maley
      Fiat Chrysler Automobiles' New York showing looks to be all performance. We already know the Dodge Challenger Demon which looks to be even madder than the Hellcat will show up, but there is also the possibility of a high-performance Jeep coming as well.
      Motor Authority has learned from a source that Jeep will be showing the Grand Cherokee Trackhawk - the one with the Hellcat V8 - in New York. This follows a report from last year where Jeep CEO Mike Manley said the model would debut sometime in 2017.
      The Trackhawk is one of the worst kept secrets in the past few years. Various spy photos and videos have shown Grand Cherokee mules of all sorts running around with key changes to indicate a more powerful engine - larger vents and brakes for example. A number have also reported the distinctive sound of the Hellcat V8. It is still unclear if the Trackhawk will get the full 707 horsepower or be detuned.
      Source: Motor Authority
    • By William Maley
      As General Motors and PSA Group continue their discussions (and damage control) on the possible sale of Opel/Vauxhall, a secret plan being developed by Opel CEO Karl-Thomas Neumann has been put on the back burner for the time being.
      German magazine manager magazin reports that Neumann had been working on a plan that would see Opel transition to selling electric vehicles only in an effort to ensure the brand's survival. GM Europe has been losing money for the past 15 years. In 2016, the branch posted a $257 million loss.
      Neumann was worried that Opel didn't have the resources to develop both combustion engine and electric drivetrains. The plan would see Opel end sales of combustion vehicles by 2030. To pull this off, the plan would have Opel divide into 'old' and 'new'. Vehicles would be using GM's electric vehicle platform that underpins the Chevrolet Bolt and Opel Ampera-e.
      manager magazin says the board was going to make a decision on Neumann's plan this spring - May at the latest.
      Source: manager magazin

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