After a few weeks of talks, GM and the PSA Group, Peugeot-Citroën, have confirmed that the latter will purchase GM’s European business, including Opel/Vauxhall subsidiary and GM Financial’s European operations.
As part of the €2.2 billion ($2.3 billion) transaction, GM will get warrants to purchase shares of PSA and the two automakers will collaborate on “the further deployment of electrification technologies”.
This new collaboration on electric vehicles is interesting, but the lack of information about the Chevy Bolt EV/Ampera E is more worrying.
Opel’s vehicles are based on GM’s models, but they are manufactured in Europe. The Ampera-E is a different problem since it is not only a rebranded version of the Bolt EV, but it is also built directly by GM at its Orion facility in Michigan.
Under the agreement, PSA purchased the brands and the manufacturing facilities as well as “intellectual property licenses from GM until its vehicles progressively convert to PSA platforms over the coming years.”
Things are not as clear for the vehicles that are directly built by GM, like the Bolt EV, which PSA would have to buy from GM and sell it as the Ampera E.
GM’s press release did confirm that the supply agreement for other models, like “for Holden and certain Buick models”, will continue, but they made no mention of the all-electric vehicle.
Electrek reached out to both GM and PSA for a clarification and we will update if we ever get an answer.
The news comes just a few months before the planned launch of the Ampera E in Europe and GM reportedly started to dedicate some production to Opel last month.
It will be interesting to see how it will impact the delivery/production of the Bolt EV in the coming months. As we reported last week, GM delivered 952 units in the US last month for a total of 2,114 Bolt EVs on the roads in the US since GM started deliveries in December.
FTC: We use income earning auto affiliate links. More.
Subscribe to Electrek on YouTube for exclusive videos and subscribe to the podcast.