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By William Maley
Ever since PSA Group announced that it would be making a return the U.S. as part of a 10-year plan, there has been a large amount of speculation as to which brand would be sold. Would it be Citroen, DS, Peugeot, or the recently acquired Opel/Vauxhall?
“We’ve chosen a brand, but it’s too early to talk about it,” said Larry Dominique, president and CEO of PSA North America to Car and Driver.
PSA Group is still in the first phase of its plan with the Free2Move mobility aggregation platform (shows various ways of getting around such as bikes and electric vehicles) in Seattle. Somewhat worrying is that the company has only “activated its marketing” in Seattle recently according to Dominique - Free2Move launched back in October.
Out of all of the brands under PSA Group, Car and Driver says there is a good chance that Opel could be the brand coming to the U.S. They point out a comment made by PSA Group CEO Carlos Tavares saying after purchasing Opel/Vauxhall is that Opel engineers can “ensure the future products for this market will be fully U.S. compliant,” in terms of regulations and taste.
But there is a possible complication to PSA's plans. Yesterday, President Donald Trump's tariffs on imported steel and aluminum went into effect. There is also talk about a possibly matching up the tariff on imported vehicles - currently, the U.S. imposes a 2.5 percent tariff on imported European vehicles. Earlier this month, Tavares told Automotive News that he is watching the situation closely and that if a new vehicle tariff does come, it will make the company rethink their plans.
“If the overall framework of tariffs change, it may have an impact on our strategy. That’s clear, because if we don’t have a profitable business plan, then we don’t go,” said Tavares.
Dominique is a little bit more hopeful. Speaking at the J.D. Power Automotive Summit this week, Dominique said he doesn't believe an increase in the tariff will happen and expressed confidence that the various trade issues could be worked out.
Source: Car and Driver, Automotive News (Subscription Required), 2
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By William Maley
It was a sad day when Holden announced that the next Commodore, the ZB, would switch from its rear-drive roots that it had since it was first launched back in the late 70's to front-wheel drive. We have been wondering if this decision was made back in 2013 when the news first came out or earlier. According to a report from Australian outlet Motoring, discussions about possibly using the next-generation Insignia date back to 2010 and the final decision would follow a year later.
“It was really a case of how many architectures could General Motors afford to develop, and how many different people wanted to use Zeta versus something like this (E2)," said Brett Vivian, Holden's director of engineering.
“I think we took some strategic decisions back then to do fewer architectures and put more into them and make them deeper, stronger architectures and spend our resources that way.”
A key reason Holden made the switch to the FWD Commodore comes down to the declining sales of the big RWD sedans.
“I think there is a place for V8s and big cars, but it is increasingly becoming a smaller and smaller slice of the pie and at the end of the day we have to pay our bills and to do that we need volume to do that," Vivian explained.
“It just wasn’t the place to place your bets and invest your money.”
Vivian also dropped an interesting tidbit about the ZB Commodore. There was the possibility of a long-wheelbase version that could serve as the replacement for the Caprice/Statesman. But when the decision came down to end Australian production in late 2013, this idea was scrapped.
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By William Maley
No one was quite sure what would happen to Holden Special Vehicles (HSV) after the end of the RWD Commodore. Rumors abounded from a modified Colorado to the importation of the Camaro. We finally have some concrete answers.
Today in Australia, Holden and HSV made a joint announcement of a new agreement between the two companies. HSV will now use their engineering talents that created some mad Holdens into expanding Holden's range to new levels, along with importing various GM products.
“This marks a whole new era for HSV and Holden and I hope our customers are as excited as we are. HSV is moving beyond simply ‘hotting up’ existing models, and customers will see two product streams from HSV over the next few years. This is ‘Game-On’ in a very big way,” said Tim Jackson, HSV's managing director in a statement.
Colorado SportsCat by HSV
The first product of this new era for HSV is the Colorado SportsCat. Taking a Z71 Colorado, HSV adds a strut brace, enlarged anti-roll bar, taller and stiffer springs, new dampers, and forged alloy 18-inch wheels wrapped in off-road rubber. The exterior is more aggressive with a front skid plate, new grille design, alloy sports bar, and tonneau cover. Stepping things up is the SportsCat+ that includes an AP Racing brake package, an electro-hydraulic anti-roll bar that can disconnect to improve wheel articulation, and a more aggressive exterior.
You may have noticed that we haven't mentioned anything about the powertrain. That's because HSV didn't make any changes to the 2.8L Duramax turbodiesel. It will still produce the same 147kW and 500Nm (around 197 horsepower and 369 pound-feet of torque).
“The cost/complexity for a relatively minor power increase didn’t make sense. We did a fair bit of consumer research. For our traditional customers, it was power, power, power, but for dual-cabs it was about the overall package," said Jackson to CarAdvice when asked about why there was no power upgrade.
“If this were a Commodore product, I would be concerned about not offering extra power. We thought dynamics was an area we could improve. And I think we’ll have the benchmark in on-road driving [in the light-commercial segment].”
The SportsCar goes on sale in February.
Chevrolet Camaro and Silverado HD to be Imported and Converted to RHD
There have been a number of rumors about the Camaro coming to Australia for the past year so. GM kept their mouth shut whenever asked about it. But the Camaro will be arriving in Australia come next July. HSV will convert the Camaro to right hand drive.
The Australian Camaro will be the 2SS featuring the 6.2L V8 and eight-speed automatic. HSV is hoping offer a six-speed manual version sometime later. Standard equipment includes adaptive dampers, Brembo brakes, 20-inch alloy wheels, keyless entry, heated and ventilated seats with power adjustments, and a Bose audio system.
That isn't the only Chevrolet model to coming to Australia. HSV also announced they'll be doing the conversion for the Silverado 2500 and 3500HD. Five variants will be on offer from the 2500HD W/T to the 3500HD LTZ. The only engine on offer will be the 6.6L Duramax turbodiesel V8.
The Silverado HD arrives in the second quarter of 2018, while the Camaro goes on sale in July.
Both the Camaro and Silverado HD will be wearing bowtie emblem, not an HSV one.
Source: Holden, CarAdvice
Press Release is on Page 2
GM HOLDEN & HSV STRIKE NEW PARTNERSHIP: CAMARO, COLORADO SPORTSCAT AND SILVERADO SET TO STORM AUSTRALIA
In a joint announcement, GM Holden and HSV today released details of the new agreement struck between the two iconic Australian companies.
The new partnership marks a pivotal moment in HSV’s 30-year history in Australia and begins an exciting chapter in bringing a whole new breed of vehicles to customers.
The focus of the new agreement is to utilise HSV’s famed design, engineering, manufacturing and marketing skills across a broader range of product, giving customers access to some of the very best vehicles from across the GM empire.
Tim Jackson, HSV Managing Director, said it was fantastic to see the new partnership cemented between the two brands.
“This marks a whole new era for HSV and Holden and I hope our customers are as excited as we are. HSV is moving beyond simply ‘hotting up’ existing models, and customers will see two product streams from HSV over the next few years. This is ‘Game-On’ in a very big way.”
Holden’s Chairman and Managing Director, Mark Bernhard, said the new agreement was a pivotal step for both companies.
“For a number of years, we’ve been talking about bringing customers the best vehicles from around the GM world, and today we’re proud to announce the next step in that strategy. Our partnership with HSV, utilising their world-class engineering and design capabilities, means we’re able to work together to bring the iconic Chevrolet Camaro muscle-car and the best-selling Chevrolet Silverado pick-up, to customers in Australia and New Zealand, not to mention the imminent launch of the exciting Colorado SportsCat. Today is a great day for Holden and HSV, but even more importantly, for our customers”.
The first product stream will be what customers have traditionally expected from HSV, being centred around vehicle enhancement and extending vehicle capability beyond the existing Holden offering.
“It is important that we continue to play a key role in enhancing Holden’s image in the market place, and potential customers can expect to see us going to work on enhanced products which are a natural extension of the Holden range – the SportsCat is a great example of this approach”, said Jackson.
“Some of our traditional customers will expect more power, and if the opportunities present themselves, we will look to develop powertrain enhancements where it makes sense. However, we see an opportunity to appeal to customers by investing in enhanced vehicle specification and capability that really delivers a great driving experience and a competitive advantage in various segments. SportsCat is a great example of how we can deliver improved on-road and off-road driving dynamics, and combine a great new look with improved vehicle capability and versatility. The segment is about much more than drag-strip times,” said Jackson.
The second stream of product to be offered by HSV will be the introduction of world-class vehicles from across the GM global range that would not have otherwise been available through Australia and New Zealand.
The new agreement has specifically been framed to allow the parties to pursue those programs that make the most sense with consideration for brand development, market-based opportunities, customer preferences, and, of course, commercial viability.
The company was, however, quick to emphasise that their overall goal remains unchanged: to create exciting products for niche customers looking for unique vehicles.
HSV also revealed its intention to introduce a freshened logo concurrent with the introduction of its 2018 range.
The new visual identity offers a more contemporary interpretation of the ‘Lion & Helmet’ that has adorned HSV vehicles, and represented the company, since its inception in 1987.
“The current logo has served us well over many years, but as the business transitions to encompass a far broader array of product offerings, this new logo represents a new and expanded brand promise,” said Jackson.
“The Australian market is shifting and, like Holden, we’re shifting with it. This subtle logo change helps signify a new era of vehicle availability from HSV”, he said. “But make no mistake, while it’s a new logo, our customers can expect the same uncompromising attitude to introducing exciting vehicles that Australian’s love to drive”.
In terms of vehicle branding, Jackson also confirmed that the two Chevrolet vehicle lines will be marketed as just that: Chevrolets. “Our engineering involvement starts and stops with the conversion of the vehicles from left to right-hand drive. These are iconic Chevys to the core and we’ll let the famed bow-tie speak for itself”, he said.
In respect of Holden vehicles that have been enhanced for new segments like the 4x4 space, those products will be designated ‘by HSV’ and wear the ‘Lion & Helmet’ in selected environments like on the front grille. “If we then take some vehicles further up the food chain, and both Holden and HSV believe the best branding approach for the vehicle is to receive the full HSV designation, then we will make that call at the time”, said Jackson.
Playing to HSV’s niche design and engineering capabilities, the Colorado SportsCat features a raft of styling and chassis enhancements that will position it as the most advanced sports 4x4 on the market.
To be available in two variants – SportsCat and SportsCat+ – the styling enhancements begin with radically modified exteriors featuring all-new fascias and grilles that, with the addition of LED fog lamps and functional tow hooks, combine to deliver two distinctive and sporty front-end appearances.
The SportsCat+ features a rugged “bonnet bulge” while at the side of the vehicle, prominent wheel arch fender flares, smooth-form on SportsCat and casselated on SportsCat+, frame bold 18” x 10” forged alloys wrapped in sports all-terrain Cooper tyres.
A stylish hard tonneau, with load-rail provision and quick-release mechanism, combined with a unique sports-bar on SportsCat and sail plane on SportsCat+, enhance the vehicles’ sporty profile, while at the rear, a prominent “Colorado” tailgate applique’ makes a bold statement.
The styling enhancements don’t end with the exteriors of the vehicles. The interior also comes in for a substantial make-over to deliver premium levels of comfort and style.
SV Sports seats, the front heated, featuring uniquely designed seat foams for optimum support, are wrapped in Jasmine leather and Windsor suede, with this trim combination also adorning the instrument panel. Twin-needle red stitching provides an added highlight, also featuring on the leather-wrapped steering wheel, door trims and centre console cover. Branded floor mats complete the interior style and comfort make-over.
From a chassis perspective, the modifications are marked and deliver the SportsCat’s unique driving dynamics.
Both SportsCat models feature HSV Sports Suspension with the front spring rate stiffened to 110 Newtons/mm. Its MTV dampers have been tuned around the revised spring rate, with both modifications contributing to a more performance-based handling characteristic.
In addition to the increased spring rate, front ride height has been lifted by 25mm. This modification further improves the approach angle of the vehicle, increases ground clearance to the body and reduces the vehicle’s overall rake, delivering a more natural on-road stance.
The chassis enhancements continue with the adoption of a Rear De-Coupling Anti-Roll Bar on the SportsCat+. Developed specifically for the vehicle by HSV’s chassis engineers, the de-coupling rear sway bar improves the higher speed road driving performance of the vehicle by controlling rear roll, and thereby improving overall vehicle balance and turn-in transient response. The de-coupling feature ensures the vehicle’s suspension settings can be optimised for off-road performance.
SupaShock suspension, as introduced to the Australian market on HSV’s iconic GTSR W1, will also be available as a factory-fitted option on the SportsCat+, taking the vehicle’s suspension capabilities to another level yet again.
SportsCat+ also adopts a unique braking package, further enhancing its sporting credentials. Front 4-piston forged AP Racing brake callipers are complemented by 362mm x 32mm diameter rotors and a large (25.4mm) diameter brake master cylinder, to deliver improved pedal feel through a reduction in pedal travel and softness.
The functionality of the vehicle’s Traction Control System has also been adjusted to allow for less aggressive interventions, particularly on corner exit. These adjustments also help deliver a more performance-based vehicle response.
SportsCat’s stylish 18” forged alloys are wrapped in Cooper (Zeon LTZ Pro) Sports All-Terrain tyres. These Cooper tyres are a hybrid between a sports-truck tyre and an all-terrain tyre and, in addition to their rugged off-road properties, were specially selected by HSV’s chassis engineers for their outstanding on-road performance characteristics, most notably on tarmac and dirt roads. The overall size of the tyres (285/60 R18), and their rolling radius, also delivers a further 20mm increase in vehicle ride height for a total (front) ride height increase of 45mm.
In commenting on the engineering enhancements, HSV’s Engineering Director, Joel Stoddart, said “We set ourselves some pretty aggressive targets heading into the SportsCat program. We wanted to set the bench-mark for on-road performance without compromising the vehicle’s off-road capabilities. In fact, we’ve managed to improve the vehicle’s off-road performance, so I’m confident the team has delivered on both counts”.
In addition to the styling and engineering enhancements developed by HSV on the new SportsCat range, the vehicle also carries over a raft of core vehicle features that help complete the premium offering.
From a performance perspective, both SportsCat models are powered by a 2.8 litre double overhead cam Duramax Turbo Diesel engine that offers 147kW of power and up to 500Nm of torque when specified with the optional 6-speed automatic transmission with Active Select. A 6-speed manual transmission is standard fare.
Braked towing capacity of 3,500kg and a maximum payload of approximately 1 tonne deliver impressive workhorse capabilities.
The stylish HSV modifications to the interior also complement a breadth of already impressive driver and cabin comforts and technologies including an 8” colour touch screen, embedded Satellite Navigation, a premium 7-speaker audio, a rear-view camera and seven airbags.
Said HSV’s Managing Director, Tim Jackson, “Most 4x4’s Pick-Ups are inherently capable off-road – essentially, it’s a category expectation, and we’ll certainly be amongst the best-in-class in this regard, especially with our added ride height and Cooper tyre package. But what we also wanted to do with the SportsCat program was dial up the vehicle’s on-road characteristics, given that’s where most people tend to spend the bulk of their time driving their vehicle. With our unique suspension packages and AP Racing brakes combined with the interior and exterior comfort and styling enhancements we’ve made, we’re confident we’ve developed Australia’s most stylish and advanced sports 4x4”.
The SportsCat range is due to start production at HSV’s new facility in Clayton, Victoria, late January, with Recommended Retail Pricing to be confirmed closer to model availability.
For over 100 years, Chevrolet has forged an enviable reputation for building strong and dependable “full-size” pick-up trucks, and HSV has committed to bringing their pinnacle model – the Silverado – to Australia and New Zealand.
Power, payload and towing capability are what Silverado is famous for and all these attributes will be reflected in the five-model 4x4 Crew Cab line-up that HSV will offer:
2500HD WT 2500HD LTZ 2500HD LTZ “Midnight” Edition 2500HD LTZ “Custom Sport” Edition 3500HD LTZ All five vehicles share the same impressive heavy-duty equipment including:
Duramax 6.6L Turbo Diesel V8 engine ~332kW of power ~1,234 Nm of torque Allison 1000 6-speed automatic transmission Towing capacity of ~3.5 – ~6.1 tonne (model dependent) Payload capacity of ~1,140kg – ~1,848kg (model dependent) 4-wheel anti-lock disc brakes Automatic locking rear differential Said HSV’s Managing Director, Tim Jackson, “The availability of the Chevrolet Silverado range opens up some wonderful new opportunities for our business in a market segment whose potential is relatively un-tapped, and we believe has high growth potential”.
“Whether it be the farming or mining sectors, those who need to pull a large caravan or horse float or simply those who want awesome towing and load carrying capability, Silverado is the pinnacle of the GM range”, he said.
Conversion of the Silverado range will commence at HSV’s new production facility in April 2018. The 3500HD LTZ model will be available late in Q2, 2018.
Recommended Retail Pricing is still to be confirmed.
The Chevrolet Camaro defines performance and this legendary nameplate, in the form of the Camaro 2SS Coupe, will also be imported and converted to right-hand-drive by HSV, and available in 2018.
The driving force behind the Camaro 2SS is Chevrolet’s 6.2L Generation V LT1 Direct Injection V8 engine mated to an 8-speed, paddle-shift automatic transmission and generating up to 340kW of power and 615Nm of torque.
The vehicle’s Performance suspension provides a dynamic connection to the road with stopping power delivered by 4-piston Brembo front & rear performance brakes with fixed callipers.
High Intensity Discharge (HID) headlamps and LED Daytime Running Lamps deliver signature front-end appeal while stylish 20”, 5-split-spoke alloys (8.5” front & 9.5” rear) are wrapped in 245/40ZR20 (front) and 275/35ZR20 (rear) Goodyear Eagle tyres. A rear stanchion spoiler and dual-outlet exhaust with bright tips add aggression at the tail.
The interior of the Camaro 2SS delivers the perfect marriage of form and function. It starts with power-adjustable heated and ventilated leather-trimmed front sports bucket seats for optimum comfort and support, complemented by a leather-wrapped, flat-bottom sports-profile steering wheel for ultimate grip.
Dual zone automatic climate control, a 9-speaker Bose premium audio and 24 colour interior spectrum lighting enhance interior ambience while the Head-up Display, Drive Mode Selector and Enhanced Driver Information Centre blend exhilaration with innovation.
Conversion of the Camaro 2SS is due to commence at HSV in July 2018 with Recommended Retail Pricing still to be confirmed.
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By William Maley
Ever since PSA Group took ownership of Opel and Vauxhall back in spring, many were wondering what the French automaker had in store. Today at a press conference at Opel's headquarters, Opel CEO Michael Lohscheller unveiled the turnaround called PACE.
Here is a summary of PACE,
Return Opel and Vauxhall to profit by 2020 Lowering costs on each car built by €700 (about $813) Committed to keeping Vauxhall as a brand for Great Britain Entering 20 new markets by 2022, with Brazil and China topping the list Accelerating the transition from General Motors to PSA Group platforms (originally was planned to finish by 2027, now plan to finish by 2024). This will reduce the number of platforms Opel/Vauxhall use from nine to two. Powertrain families will also decrease from ten to four Nine new models by 2020. This begins with a new Combo van next year and Corsa subcompact in 2019 Launching four electrified models by 2020, with an electrified option being available for each model by 2024 According to Lohscheller, the existing product strategy would not meet the upcoming CO2 targets coming into effect. Thus the decision was made to move up plans for electrification Opel's technical center in Ruesselsheim will engineer all-new Opel/Vauxhall vehicles to have them stand out from their Citroen/DS/Peugeot brethren Ruesselheim will also become a global competence center for PSA, building up expertise in various areas such as autonomous driving and fuel cells Pledging to avoid closing down factories or forced layoffs "The necessary and sustainable reduction of labour costs shall be reached with thoughtful measures such as innovative working time concepts, voluntary programs or early retirement schemes,” the company said in a statement. “PACE! will unleash our full potential. This plan is paramount for the company, to protect our employees against headwinds and turn Opel/Vauxhall into a sustainable, profitable, electrified, and global company. Our future will be secured and we will contribute with German excellence to the Groupe PSA development. The implementation has already started with all teams eager to achieve the objectives,” said Lohscheller in a statement.
But will it be enough? As Reuters noted, shares in PSA Group dropped 2.2 percent to €19.68 (about $22.65) after Carlos Tavares said Opel's financial health has been getting worse as PACE! was being drawn up.
“The situation gets worse by the day,” Travares said, without going into detail.
Source: Autocar, Car, Reuters, Opel
Press Release is on Page 2
Opel/Vauxhall Go Profitable, Electric and Global with PACE!
Return to profitability by 2020: 2% automotive recurring operating margin, positive operational free cash flow Lower financial break-even point to 800,000 vehicles Electrification and CO2 leadership: All passenger carlines to be electrified by 2024 Improve efficiency towards benchmark levels for manufacturing and logistics cost as well as for wage cost/revenue-ratio Intention to maintain and modernise all plants and to refrain from forced redundancies R&D centre in Rüsselsheim to become a global competence centre for Groupe PSA Enlarge commercial scope: Leverage Opel brand for overseas export opportunities and foster growth of Opel/Vauxhall LCV business PACE! execution to immediately unleash Opel/Vauxhall performance and pave the way to a sustainable future Rüsselsheim. Michael Lohscheller, CEO of Opel Automobile GmbH, today announced the strategic plan PACE! to restore financial fundamentals and enhance sustainable competitiveness and growth. All PACE! initiatives will contribute to the goals of generating a positive operational free cash flow as well as a recurring operating margin for the auto division of 2% in a first phase by 2020 and of 6% by 2026. Combining strengths will unleash annual synergies on Groupe PSA level of €1.1 billion by 2020 and €1.7 billion by 2026. All actions will contribute to a lower financial break-even point for Opel/Vauxhall of 800,000 vehicles, creating a profitable business model whatever the headwinds may be.
Having full access to Groupe PSA technologies, Opel/Vauxhall will become a European CO2 leader. By 2024, all European passenger carlines will be electrified – offering a pure battery electric propulsion or plug-in hybrid version alongside efficient internal combustion engines. By 2020, Opel/Vauxhall will have four electrified carlines on the market, including the Grandland X PHEV and the next generation Corsa as a fully electric vehicle.
The company will enhance its competitiveness by 2020 e.g. by reducing costs by €700 per car. Efficiency of marketing expenses will be improved by more than 10%. Overall efficiencies will be increased by reducing complexity across all functions with a ratio G&A/revenue moving from 5.6% to 4.7% and an objective to bring the company towards industry benchmark in terms of wage cost/revenue ratio. Optimising R&D and CapEx at 7-8% of automotive revenue, manufacturing and administration processes by 2020 and releasing working capital of €1.2 billion by 2022 will also contribute to seizing synergies.
Improved competitiveness of the manufacturing plants will lead to new vehicle allocations that will provide a better utilisation rate for the next decade. The two Groupe PSA platforms CMP and EMP2 will be localised in all Opel/Vauxhall plants. To start with, an EMP2-based SUV is planned for Eisenach in 2019; and an EMP2-based D-segment vehicle is coming to Rüsselsheim. The allocation of new powertrains in Opel/Vauxhall manufacturing sites will accompany the shift from GM to Groupe PSA engines and transmissions.
“PACE! will unleash our full potential. This plan is paramount for the company, to protect our employees against headwinds and turn Opel/Vauxhall into a sustainable, profitable, electrified, and global company. Our future will be secured and we will contribute with German excellence to the Groupe PSA development. The implementation has already started with all teams eager to achieve the objectives,” said Opel CEO Michael Lohscheller.
The plan is designed with the clear intention to maintain all plants and refrain from forced redundancies in Europe. The necessary and sustainable reduction of labour costs shall be reached with thoughtful measures such as innovative working time concepts, voluntary programs or early retirement schemes.
All new Opel/Vauxhall vehicles will be engineered in Rüsselsheim, which will be transformed into a global competence centre for the whole Groupe PSA. First areas of expertise are identified, e.g. fuel cells, certain automated driving technologies and driver assistance developments. This will further guarantee German engineering quality and affordable innovations. Altogether, the number of platforms Opel/Vauxhall uses for its passenger cars will be reduced from currently 9 to 2 by 2024. Furthermore, the powertrain families will be optimised from currently 10 to 4. “Aligning architecture and powertrain families will substantially reduce development and production complexity, thus allowing scale effects and synergies, contributing to overall profitability,” said Lohscheller.
Opel/Vauxhall will switch to efficient and flexible Groupe PSA vehicle architectures faster than originally expected. From 2024 onwards, all Opel/Vauxhall passenger car models will be based on joint Groupe PSA architectures. Next to come are the Combo in 2018 and the next generation of the bestselling Corsa in 2019. This course will be steadily continued with one major launch per year. Counting every body style, Opel/Vauxhall will launch 9 new models by 2020. This line-up will enable to increase the pricing power of Opel/Vauxhall brands and reduce the gap against benchmark by four points.
Sales growth of the further profiled and strengthened Opel/Vauxhall brands will be supported by initiatives like the start of even more attractive financial offerings as well as full service leasing offers via the Financial Services of Opel and Vauxhall.
Furthermore, Opel will enter more than 20 new export markets by 2022. Beyond that, Opel will explore global midterm overseas profitable export opportunities.
To foster growth in the financially attractive light commercial vehicle (LCV) business, Opel/Vauxhall will launch new models and enter new markets with the clear goal to increase its LCV sales by 25% by 2020 against 2017.
“PACE! has been designed by Opel/Vauxhall for the benefit of our employees as an immediate performance booster,” said Lohscheller.
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