GM CEO ‘exploring opportunities’ for Opel with Peugeot – CNBC

Posted: Wednesday, March 01, 2017

“If not done very thoughtfully it could be problematic,” she said, saying tax reform needs to avoid “unintended consequences.”

The planned border adjustment tax would impose a 20 percent tax on imported goods while providing write-offs for goods that are exported. Some automakers have raised concerns about the tax, especially because all U.S.-built vehicles include a significant number of foreign-produced parts.

No timetable

Some reports in Europe have suggested GM could have a deal with PSA as early as next week, but Barra declined to discuss a timetable.

PSA, theParis-based maker of Peugeot and Citroen cars, and Detroit-based GM confirmed on Feb. 14 they were in talks over a PSA-Opel tie-up to create Europe’s second-largest carmaker by sales after Volkswagen AG.

Acquiring GM’s Opel and Vauxhall brands would give PSA a 16.3 percent share of the European passenger car market, vaulting it ahead of French rival Renault SA.

PSA and GM have tried before to combine their small cars in the failed centerpiece of a “global strategic alliance” unveiled in 2012, and rapidly scaled back to three shared projects from 40 initially considered.

Last week, German magazine Der Spiegel reported GM told Peugeot it would only sell licenses for the manufacture of Opel cars to the French company if it agreed not to sell the vehicles in North America, Russiaor China.

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