Luton could become centre for PSA group's van growth plans

Luton could become centre for PSA group's van growth plans

Furthermore, the company, which is now mainly selling its cars in Europe, announced that it will enter more than 20 new markets.

Speaking 100 days after General Motors sold Opel and Vauxhall to PSA, managers outlined a blueprint that will see the company become profitable again by 2020 and electrify all of its passenger vehicle lines by 2024.

In the announcement, made by newly appointed chief executive of Opel Automobile GmbH, Michael Lohscheller, the firm said all passenger vehicle lines will be electrified by 2024, offering a pure battery electric propulsion or plug-in hybrid version, alongside efficient internal combustion engines.

PSA-owned Opel and Vauxhall will seek to avoid forced redundancies across their European plants, a turnaround cost-cutting plan announced today.

Above: Opel Crossland X is already based on a PSA platform.

It promised four auto models would have electric options by 2020, including a fully electric SUV and its sub-compact Corsa.

Overall, Opel aims to reduce the number of platforms it uses for passenger cars from nine now to two by 2024, with the number of powertrains cut by ten to four. Furthermore, the powertrain families will be reduced from now 10 to four.

More news: Airtel Offers Mega Roundup: Latest Prepaid And Postpaid Recharge Plans
More news: Ultra-quick reshoots cutting Kevin Spacey out of new film
More news: Eurozone Expected To Grow At Fastest In Decade As UK Slows

Opel will introduce at least two new cars in 2019 including the Corsa mini, with a larger SUV to follow among a total of nine models or variants promised by the following year - a more ambitious product blitz than previously announced.

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. This "cross-manufacturing" will no doubt help improve utilisation of the division's historically underused plants.

As Opel and Vauxhall's factories are equipped to make cars based on PSA platforms, it's said they could also produce Peugeot, Citroen and DS models.

It also reflects the tougher task of meeting European Union emissions rules with legacy Opel vehicles and engines developed under GM. But is PSA able to do what GM didn't manage so many years?

Marketing, IT, general administration and travel costs will also be reduced. Opel and Vauxhall sold over 900,000 cars a year ago, and still made a loss.

"Very importantly, and I want to address this at the very beginning", said Mr Lohscheller, "our objective is to achieve our goals without plant closures and without forced redundancies in Europe thanks to strong improvements in competitiveness".

He also stressed Opel and Vauxhall will maintain their German and British identities, with its cars maintaining "German precision meets sculptural artistry" design language, as well as their Autobahn-tuned chassis settings.

  • Contraceptive helix protects against cervical cancer

    This systematic review and meta-analysis suggests that any previous use of an IUD reduces the risk of cervical cancer. Around 528,000 women were diagnosed with cervical cancer worldwide in 2012 and 266,000 women died from the disease.
    How The Last Jedi will tie into Star Wars: Battlefront 2

    How The Last Jedi will tie into Star Wars: Battlefront 2

    The plan is to continue rolling out content on a regular basis, with your faction choice affecting outcomes well into the future. This all new chapter of Star Wars Battlefront II's single-player story mode will be available December 13 .

    Fidget spinners sold at Target contain high lead levels, advocacy group says

    Currently, the toxic fidget spinners are still available both in toy aisles at Target stores and on its website . But now a consumer advocacy group says two types of fidget spinners being sold at Target could be unsafe .
  • Senate GOP Unveils Tax Bill With More Pain for Blue States

    Senate GOP Unveils Tax Bill With More Pain for Blue States

    But the Senate already seemed unlikely to meet that deadline because of complex rules governing how it must consider the tax bill. The House measure, meanwhile, nears approval by the tax-writing committee after last-minute changes by its primary author.
    Terry Crews follows up on sexual assault claims with police report

    Terry Crews follows up on sexual assault claims with police report

    Now, he is pursuing the case as the incident is recent enough for the police to launch an investigation. My wife saw everything [and] we looked at him like he was insane .
    NCAAB: LiAngelo Ball out on bail

    NCAAB: LiAngelo Ball out on bail

    ESPN had reported that police questioned members of both teams in the hotel before taking away the three UCLA players. The players will not play in Saturday's game against Georgia Tech, UCLA Athletics spokeswoman Shana Wilson said.
  • India, Bangladesh Launch Multiple Connectivity Projects

    India, Bangladesh Launch Multiple Connectivity Projects

    Hasina said Bangladesh-India relations were in fact setting new high standards of bilateral cooperation in the region and beyond. The train, according to the schedule, would leave Kolkata at 11 a.m. (India time) and reach Khulna in four and half hours.

    AT&T CEO: We're under no pressure from Trump's DOJ to sell CNN

    When asked about concerns about Trump meddling in the deal review, Stephenson said "I have no reason to believe that". As president, he frequently criticizes CNN. "For me it would be virtually impossible to not take that into account".
    Hulu is now available on Nintendo Switch

    Hulu is now available on Nintendo Switch

    With the Switch being a portable HD screen, streaming services would definitely be a welcome addition. Up to 6 personalized profiles to enjoy separate collections of shows, movies, networks, and more.
  • Colombia seizes 12 tons of cocaine, its largest haul yet

    Last year, the amount of cocaine seized by the authorities totalled 378.3 tons , which was up by half from the year before. Four people were arrested during the three-day operation leading to the drug seizure, according to a police statement.
    Apple finally fixes

    Apple finally fixes "i" autocorrect issue

    Apple's new iOS 11 .1.1 update focuses primarily on bugs and issues which were previously discovered in iOS 11 .1. Apple Pay Cash has arrived as part of the iOS 11 .2 beta, and early reviews suggest it's really easy to use.
    Claiming Martellus Bennett Was No-Brainer For Red Zone-Needy Patriots

    Claiming Martellus Bennett Was No-Brainer For Red Zone-Needy Patriots

    The Packers officially cut ties Wednesday, making Bennett one of the worst free-agent signings in the team's history. Bennett was going to be sidelined on Sunday as the Packers (4-4) visit the Chicago Bears (3-5) at Soldier Field.