UK’s 114 Yr Old Vauxhall & 118 y.o. Opel Carmakers Takeover (from GM) by Peugeot Govt’ Approval for mere tiny $2.9 Bil!

rudolfblog

by Cowboy

This will make Peugot/Citreon/ Adam Opel/Vauxhall the #2 Carmaker in Europe after Volkswagen.

Vauxhall has made cars in UK since 1903. And it has been owned by GM General Motors of USA since 1925. It has 4500 Employees in UK. And produces over 200,000 Cars per year.

Opel sells over 1 million cars per year. Opel has sold & assembled cars since 1899. But at first they were a French car built for them & then another French Maker built the frame & motor in 1902 to 1907 & they added the body. And They started building their completely own cars in 1906. Also Adam Opel was the first German Car maker to use an modern American type assembly line. And they were the top selling German car by the 1930’s and even number 1 in Europe by 1939. GM bought the company in 1929 impressed by their…

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