Last quote about Opel
All quotes about Opel
In the past Opel and PSA have been our accepted and well-respected competitors and they will be in the future as well. So we'll be excited to see how competition changes in that environment. Obviously we have our own homework to do and we're going to do that in a very single-minded way and therefore we are very positive about the future.
Last year, we welcomed the Opel Astra's win, because they made a great car and I'm happy to see we'll continue the adventure together, it's great.
I never close any doors... I may shamelessly try knocking on the GM door again, or any door, if I thought it was a good thing to do for the business, without even blinking, I could.
Tavares is talking about saving $2 billion.
It has no influence on our plans initially. We have our own ideas and thoughts and will thoroughly work with them. We took Opel and PSA seriously as competitors in the past. These were two brands and now they're under a single roof. I don't believe that a great deal will change there.
The context clearly is nothing to do with Brexit. This is a restructuring of the organisation. And in my discussions with PSA, actually the chief executive has said today that Brexit isn't an essential driver of this, and we want to have the best possible trading relationship with Europe, but in any event Carlos Tavares has said there are opportunities post-Brexit.
It is critically important that Vauxhall production remains with the UK.
What is being said at the moments by PSA Peugeot Citroen is that they are going to honour all of our agreements. Now, that means that the current model at [the UK plants] Ellesmere Port and Luton will continue. But, the real challenge to us is to make certain that we get new models, and that is about going forward, making sure that we have a future – a long-term future for our plants.
We want to create a European automotive champion from the combination of a French and a German company. We are indeed committed to these two iconic brands with their respective German and British heritage. We're confident that the Opel-Vauxhall turnaround will significantly accelerate with our support. If it is a hard Brexit, perhaps, in terms of strategy, it is going to be a very nice opportunity to be able to source the UK from the UK. This may look to you a little bit romantic.
We are confident that the Opel/Vauxhall turnaround will significantly accelerate with our support, while respecting the commitments made by GM to the Opel/Vauxhall employees. As long as we improve the performance and we become the best, there is no risk they should fear.
We are confident that the Opel/Vauxhall turnaround will significantly accelerate with our support, while respecting the commitments made by GM to the Opel/Vauxhall employees.
While initial discussions with the PSA Group have been relatively positive, our priority now is to ensure a long-term future for our plants and the tens of thousands of workers depending on them.
We are proud to join forces with Opel/Vauxhall and are deeply committed to continuing to develop this great company and accelerating its turnaround. We respect all that Opel/Vauxhall's talented people have achieved as well as the company's fine brands and strong heritage. We intend to manage PSA and Opel/Vauxhall capitalising on their respective brand identities. Having already created together winning products for the European market, we know that Opel/Vauxhall is the right partner. We see this as a natural extension of our relationship and are eager to take it to the next level.
There should be no doubt that one of the biggest selling points to UK consumers is that Vauxhall is a British brand that supports British jobs. That is something that I know will be stressed to PSA.
Glad to see the uncertainty over the PSA/GM deal is now over. Our UK plants are among the most efficient of any in the new company. They deserve a bright future. Now government needs to play its part, delivering a Brexit deal that keeps Vauxhall building in the UK.
We're confident that the Opel-Vauxhall turnaround will significantly accelerate with our support. General Motors doesn't have to be relieved. They can be proud of giving Opel-Vauxhall a better future. Our planning teams are already working on that. This may look to you a little bit romantic.
The idea is that this deal makes a strong second to VW, but they've got to make money.
What better industry to express a view of 'France first' than the auto industry? Is going to be excruciatingly difficult.
Over the weekend, the chief executives of both General Motors and the PSA Group have spoken to me to outline their plans. Unite will ensure that these are communicated to our members at the earliest opportunity so that we can end this nerve-wracking period for these loyal workers, and move forward on how to safeguard our sites. So while initial discussions with the PSA Group have been relatively positive, our priority now is to ensure a long-term future for our plants and the tens of thousands of workers depending on them.
Opel has been making red ink for 10 years, and burning approximately US$1 billion in cash every year. We believe we can help.
Opel has been making red ink for 10 years, and burning approximately 1 billion in cash every year. We believe we can help.
My personal commitment and the commitment of this government will be unbounded to make sure the future of the workforce will be maintained.
I will of course work with all the groups, including the trade unions, including the workforce, to make that case, if new owners there are to be, to those new owners.
We've done a lot to improve the business but we're exploring opportunities to see if we can accelerate that even more because scale does matter in this business.
He talked in terms of not being here to shut plants. That's not his nature.
The merged company needs a sustainable strategy for the future with a long-term perspective for all production sites, development centres and staff.
There is significant complementarity in terms of customer consideration between the German Opel brand and our three French brands. This company needs help. What we see today with the situation of Opel ... has a lot of similarities with what we were facing four years ago. When you look at the product plan you see that you can in a quite speedy way implement quite significant synergies.
At this stage there can be no certainty as to the outcome of these talks.
When you look at the product plan you see that you can, in a quite speedy way, implement significant synergies. This company needs help. Opel's been losing money for ever, it's sub-critical mass and there's no interesting technology. But on the upside, a lot of the technical work is already done.
It's about hard restructuring in Germany, the UK and Spain resulting in at least 5,000 manufacturing job cuts.
Given the massive overlap of the two businesses, there should be no illusion as to what will need to happen.
It's completely different now.
It's an operation that can bear benefits for each side on certain conditions, (and) the main condition is jobs.
The most obvious starting point for any restructuring of course lies with labor.
We will accompany the talks (between the companies) positively.
Tavares communicated convincingly in the talks that he is interested in a sustainable development for Opel/Vauxhall as an independent company.
PSA Chief (Carlos) Tavares stressed that both companies would complement each other well. He stressed to the chancellor that PSA would preserve the independence of Opel in a merged company and would give plant, investment and job guarantees.
"This is why speculation is premature at this point,"
This is why speculation is premature at this point.
With Opel, the talks are under way. The government has a co-ordination process under way. We will do everything we can politically to secure jobs and sites in Germany.
"With Opel, the talks are under way. The government has a coordination process under way,". "We will do everything we can politically to secure jobs and sites in Germany,".
"We will do everything we can politically to secure jobs and sites in Germany,"
With Opel, the talks are underway. The government has a coordination process underway.
We are in discussion primarily to share information because we too learned of this announcement in the press.
While there can be no assurance of any agreement, any possible transaction would enable PSA Groupe and Opel Vauxhall to leverage their complementary strengths, enhancing their competitive positions for the future in a rapidly changing European market. GM and PSA Groupe would each be able to capitalise fully on their respective strategic priorities. We would seek to ensure any transaction would serve the best interests of all our respective important stakeholders.
"General Motors have not made money in Europe for many years, it's a drain on free cash flow and with the European (car) sales above 15 million (units) now you'd argue we're at least three-quarters of the way through the cycle… if you're not making money (now) then will you ever?". "We like the deal, particularly from General Motors' perspective.".
General Motors have not made money in Europe for many years, it's a drain on free cash flow and with the European (car) sales above 15 million (units) now you'd argue we're at least three-quarters of the way through the cycle… if you're not making money (now) then will you ever? We like the deal, particularly from General Motors' perspective.
It does seem as if Brexit is a factor in GM's thinking as its UK business relies heavily on its links throughout the EU supply chain. Without a shadow of doubt, UK car plants must be offered the same assurances as those given by the government to Nissan. But, as I stressed to the minister, we need the government to be clearly committed to securing access to the single market for the UK auto industry.
The German government intensively discussed at a cabinet meeting today the issue of Opel.
Deeper integration or partnership is more likely in our view than an outright sale.
We are in discussions with Opel to expand upon our existing projects.
If the PSA-Opel deal were to go ahead it would certainly fuel additional M&A speculation.
Ashik Kurian - Jefferies International
Ongoing market concerns for PSA and GM have been lack of scale, which this combination would help to address.
Opel has been hemorrhaging money for the last 16 years, so hard decisions are on the table in (CEO) Mary Barra's version of a profitable GM.
Opel is democratizing the electric car with the Ampera-e.
Daimler is making the wrong cars. It ought to buy Opel to have a range of small cars.
We have run out of patience.
Does this coalition want to save Opel or must Opel save this coalition? This will be the most expensive campaign of all times.
The middle class is what makes Germany strong. Break the middle class and you break the nation.
The most important thing is to send a signal to the public that the dealers and the employees believe in the future of their company, and that they'll invest their money in it. And that won't be peanuts, it'll be some hundreds of millions.
The problem with General Motors and Opel is the international factor, which means it's necessary to make sure that state aid – German taxpayers money – isn't transferred to a bankrupt GM, which wouldn't help either Opel workers or European car buyers.
Of course nobody can exclude the risks but I think we have found a responsible solution with private investors and interim funding from the state. It is a solution which preserves Opel's locations in Germany and also preserves the highest possible number of jobs.
Under normal circumstances we would access the credit market but in the current environment this option is just not available to us and that's why we're asking governments to help. To make it very clear we are not looking for grants, we are looking for loans or loan guarantees.
The industry is very sick. Usually at a car show, the cars are the story. This year the economy is the story. There is a lot of over capacity in the middle part of the market. So companies such as Renault, Opel, and especially Peugeot-Citroen and Fiat, they are all have too many cars, too few buyers, especially because of the economic recession that seems to be setting in in Europe.
It is a good day for Opel, it is a good day for the people at Opel. The employees have feared since last year the loss of their jobs and future. And that's why I'm happy that a decision has been made.
Our objective and the discussions that will happen about government finance and support for a restructured GM Europe will be about securing the future of those plants. We've had assurances on that from Magna and we want to make sure that those stick in the future.
You are Opel… Opel must live.
The death sentence handed to Opel Antwerp is symbolic of the crisis of the industry in Europe. And the EU is finding it difficult to keep member states in line over the single market and state aid rules. Here Opel workers are asking why is their factory to go when others stay open.
The Antwerp plant was very competitive and the European Commission must launch an investigation to see how this decision was reached because we don't understand it.
General Motors is confident, that the Magna-Sberbank solution really represents the best solution to provide for a sustainable future for the Opel and Vauxhall brands.
My concern is that we, in Britain, we are quick and cheap and easy to sack. We will once again bear the brunt of any closures that inevitably will take place across Europe and I'm not prepared to sit back and go quietly.
If the Opel transaction is not available to Fiat, life will move on.
We clearly have work to do in Europe.
Workers have no need to worry. We will do our best to avoid causing any damage that could be linked with the collapse of the market.
In any event, we need a clear decision now. We cannot just remain in this terrible state of wait and see. There comes a moment when one needs to settle on something.
Opel Bochum shouldn't be treated like this. The plant and its employees deserves fair consideration and a fair decision by GM. Opel should get the chance to prove its quality and its international competitiveness.
It can't be that one country finances a solution at the expense of others. European law is quite clear on this point. Government aid is prohibited according to the European treaty and tolerable only in exceptional cases. Aid is not tolerable if it is tied to political conditions.
We know General Motors have plans that entail Eisenach and Bochum being closed down and for that, there will be no agreement among the workers, neither in Germany, nor in Europe.
It's very important that this dossier is not a political dossier but an economic and commercial dossier. And we are convinced that Antwerp must have a fair chance; and when there is an economic analysis of the situation we are convinced that Antwerp is a better plant than certain plants in Germany.
The Commission will look particularly to make sure there are no conditions attached to the aide; for example, concerning where factories would be closed or which sites would get investment.
I've made clear once again that we strongly condemn this, just as the Russian side does. I know that the president takes the human rights matter seriously. I think it is very important, and in our common interest, that non-governmental organisations should be able to work in Russia.
This is the financial crisis that we are feeling now, because consumers are looking more closely at making decisions on long-term investments, such as buying a car. Secondly, what has happened in the USA is about to push markets worldwide into a recession. And recession and selling cars don't go together at all.
The work force is willing to make substantial contributions to the future of this company, but not if we should return to 100 percent control by General Motors.
If General Motors goes into insolvency in the coming days, the lights cannot go out at Opel. We have to create conditions for an independent future at Opel.
We have witnessed a meeting, for which – I can say that about the Americans – they were not properly prepared. And this is why, this meeting has NOT ended with a bad result, it has ended with NO result at all, because it was simply broken off.
There can be no discriminatory conditions attached. You cannot have a situation where state aid is made subject to for example plant closure being in one member State as opposed to an other.
About 300 million euros in the very short term, That played a big part in making this night longer.
Why have we come from Eisenach? We are Opel and we stand together as Opel. We showed this in September and we are showing this again today.
Despite the tough environment for the automotive business in Europe, we believe we have an opportunity to turn the Opel-Vauxhall business around and bring it back to long-term profitability.
International operations were profitable in this period from July 10th to September 30th. Europe was not; Europe lost a little bit more than 400 million in that period, which means that Asia Pacific, Latin America, Africa and the Middle East at least were solidly profitable.
Right now it's a lottery.
In a free world you can't impose limits on the size of cars and you can't standardise them. Consumers must have free choice on what they buy. And moreover, if there were no manufacturers of big cars, innovation in the production of smaller cars wouldn't advanced so quickly.
Taking into account that the number of cars will increase, that oil prices will increase, that the pressure on the environment will increase, the auto industry has no alternative but zero emission vehicles.
We need somebody here in Germany who feels committed to Opel and who gets the freedom from General Motors to negotiate in the name of Opel Europe.
General Motors in America announced many months ago that they wanted to close many plants in Europe. So the most important question that we have now is: what is the future of Antwerp and the future for our colleagues in Europe?
GM didn't warn or talk to anyone about what it was doing, but just presented everyone with a fait accompli, despite previous agreements.
This does, however, speak volumes about America's particular way of communicating with its partners.
With this new concept, the possibility has been created for traders, employees and other investors to buy shares in the new Opel.
We think it is right for Opel in Europe to stay within the GM framework, to have access to technologies – but in a legal form which is clearly more independent than is the case today.
We think we should get the restructuring plan from Opel and General Motors within the next few days in order to discuss it with the different German states where Opel has factories. The economy minister has made the necessary preparations. We are aware of the worries the Opel workers have.
The government hasn't decided on any preferred bidder yet. It's quite possible, though, that such a preferred bidder might emerge during our talks tonight. We have agreed within the government that we will study all offers fairly.
Now we've got to nail down the assurances and the commitments that Magna have given to me, face to face in London last week, when they expressed their commitment to continue production by Vauxhall in the UK.
I think this is going to become a European structure within which everyone will find something for them. Of course, it's a highly unusual construction as the German government has led talks with the American government, but with the goal that this becomes a European structure under the leadership of Adam Opel, and that is what is important.
I am sure that if we do the right thing, and don't give Opel away for nothing to the first buyer who comes along, if we look for the right project, then Opel has a future.
The German interest lies in having the separation and legal aspects done before that. Because of these issues, Opel is in a special situation: even if an investor is found and says 'I want it' it wouldn't be legally possible in such a short period of time because the paperwork will take quite a long time to sort out.