PSA Group, which comprises of Peugeot Citroen, are not wasting any time with their acquisition of struggling Vauxhall/Opel which has failed to turn a profit for the last 20 years. Future Vauxhall’s will switch to electrification and will also make the switch from GM based platforms to PSA. PSA also hopes to avoid any layoffs but this seems highly unlikely as the first act of any company buying into a profitless venture is almost certainly to cut losses quickly.
All Vauxhall cars will become electrified by 2024 including a pure-electric Corsa model in addition to a range of hybrids and plug-in Hybrids which will sell alongside existing internal-combustion engines.
In the meantime, PSA Group is seeking to make Vauxhall/Opel profitable with the aim of having a 2 percent operating margin by 2020, 6 percent by 2026.
You won’t be buying a Vauxhall/Opel on a PSA platform until 2020 to meet that profitability goal, the actual transition will take 4 years. Full convergence will take 10 years.
Under GM ownership Vauxhall used 9 different platforms, under PSA ownership that will drop to a mere two. Powertrains (engines) will be reduced from a current 10 to 4.
By 2020 Vauxhall/Opel will aim to launch 9 different models.
PSA intends for Vauxhall/Opel to become a major focus in R&D with Opel’s massive technical center in Ruesselsheim increasing its work in fuel-cell, driver assistance, and automated driving technologies. These developments will filter down into future PSA models.