20°C / 22°C
  • Tue
  • 18°C
  • 5°C
  • Wed
  • 18°C
  • 7°C
  • Thu
  • 20°C
  • 6°C
  • Fri
  • 18°C
  • 5°C
  • Sat
  • 18°C
  • 5°C
  • Sun
  • 19°C
  • 6°C
  • Tue
  • 17°C
  • 8°C
  • Wed
  • 15°C
  • 9°C
  • Thu
  • 13°C
  • 8°C
  • Fri
  • 17°C
  • 7°C
  • Sat
  • 21°C
  • 9°C
  • Sun
  • 18°C
  • 10°C
  • Tue
  • 20°C
  • 7°C
  • Wed
  • 20°C
  • 7°C
  • Thu
  • 22°C
  • 7°C
  • Fri
  • 19°C
  • 7°C
  • Sat
  • 20°C
  • 7°C
  • Sun
  • 20°C
  • 7°C
  • Tue
  • 21°C
  • 2°C
  • Wed
  • 21°C
  • 6°C
  • Thu
  • 21°C
  • 6°C
  • Fri
  • 20°C
  • 5°C
  • Sat
  • 20°C
  • 4°C
  • Sun
  • 20°C
  • 5°C
  • Tue
  • 20°C
  • 15°C
  • Wed
  • 22°C
  • 14°C
  • Thu
  • 19°C
  • 15°C
  • Fri
  • 21°C
  • 14°C
  • Sat
  • 22°C
  • 14°C
  • Sun
  • 25°C
  • 14°C
  • Tue
  • 20°C
  • 9°C
  • Wed
  • 18°C
  • 11°C
  • Thu
  • 15°C
  • 9°C
  • Fri
  • 16°C
  • 8°C
  • Sat
  • 26°C
  • 9°C
  • Sun
  • 17°C
  • 14°C
  • Tue
  • 19°C
  • 8°C
  • Wed
  • 13°C
  • 6°C
  • Thu
  • 12°C
  • 4°C
  • Fri
  • 18°C
  • 3°C
  • Sat
  • 24°C
  • 10°C
  • Sun
  • 18°C
  • 7°C
  • Tue
  • 16°C
  • 10°C
  • Wed
  • 14°C
  • 9°C
  • Thu
  • 13°C
  • 7°C
  • Fri
  • 17°C
  • 7°C
  • Sat
  • 22°C
  • 11°C
  • Sun
  • 16°C
  • 11°C
  • Tue
  • 21°C
  • 7°C
  • Wed
  • 21°C
  • 8°C
  • Thu
  • 23°C
  • 6°C
  • Fri
  • 20°C
  • 8°C
  • Sat
  • 21°C
  • 7°C
  • Sun
  • 21°C
  • 8°C
  • Tue
  • 19°C
  • -1°C
  • Wed
  • 21°C
  • 3°C
  • Thu
  • 18°C
  • 2°C
  • Fri
  • 19°C
  • 1°C
  • Sat
  • 20°C
  • 3°C
  • Sun
  • 20°C
  • 6°C
  • Tue
  • 21°C
  • 9°C
  • Wed
  • 23°C
  • 7°C
  • Thu
  • 21°C
  • 6°C
  • Fri
  • 20°C
  • 7°C
  • Sat
  • 18°C
  • 6°C
  • Sun
  • 23°C
  • 6°C
  • Tue
  • 22°C
  • 10°C
  • Wed
  • 19°C
  • 6°C
  • Thu
  • 14°C
  • 7°C
  • Fri
  • 16°C
  • 7°C
  • Sat
  • 26°C
  • 10°C
  • Sun
  • 16°C
  • 11°C

PSA Group, General Motors merger will not lead to job losses

The PSA Group has paid the equivalent of R30 billion for General Motors’ European arm - which produces Opel and Vauxhall.

FILE: The Opel Adam S. Picture: Thomas Holder/EWN.

LONDON - With Brexit looming over Europe, assurances have been made that a massive new merger in the car manufacturing industry will not lead to factories being shut or jobs being lost.

The PSA Group, the French company behind Peugeot, has paid the equivalent of R30 billion for General Motors’ European arm - which produces Opel and Vauxhall.

Britain’s departure from the European Union has raised fears of the economic impact on jobs and the country’s ability to trade.

Through the acquisition, the PSA Group becomes the second-largest carmaker in Europe.

The company says shutting down factories is the simplistic answer in trying to turn losses into profits.

Instead, it says the answer lies in new ideas, but sceptics are calling on government to play its part to help protect thousands of UK-based jobs.

The deal still requires approval, while the outcome of Brexit negotiations will be an important factor.

This week’s budget speech is expected to focus on guarding the country against Brexit by building up a financial safety net.

Comments

EWN welcomes all comments that are constructive, contribute to discussions in a meaningful manner and take stories forward.

However, we will NOT condone the following:

- Racism (including offensive comments based on ethnicity and nationality)
- Sexism
- Homophobia
- Religious intolerance
- Cyber bullying
- Hate speech
- Derogatory language
- Comments inciting violence.

We ask that your comments remain relevant to the articles they appear on and do not include general banter or conversation as this dilutes the effectiveness of the comments section.

We strive to make the EWN community a safe and welcoming space for all.

EWN reserves the right to: 1) remove any comments that do not follow the above guidelines; and, 2) ban users who repeatedly infringe the rules.

Should you find any comments upsetting or offensive you can also flag them and we will assess it against our guidelines.

EWN is constantly reviewing its comments policy in order to create an environment conducive to constructive conversations.

comments powered by Disqus