PSA in talks to acquire Opal

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Re: PSA in talks to acquire Opal

Post by Gibbo2286 »

Peter.N. wrote:The Velox's and Cresta's were nice, especially the PA and PC but the E models were pretty fast for their time and they had brilliant heaters.

PA Cresta too powerful for the grip.........the only car I've had the misfortune to do a 360 degree spin in, in the dry and without trying, luckily the road was empty at the time

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Re: PSA in talks to acquire Opal

Post by Peter.N. »

I must admit that in the time I was driving them I was rather heavy on front wings, the wheels stopped but the car didn't. :oops:


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van ordinaire
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Re: PSA in talks to acquire Opal

Post by van ordinaire »

Always remember the look on the face of Mr "look I've got a sports car" (all cravat, string-back gloves- & flat cap) in the MGB, when a PC came up behind it - & just blew it away!

Oh, & a friend of mine, who was working for a local VX dealer at the time, drove a PC out through the showroom window - on the 1st floor!

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Re: PSA in talks to acquire Opal

Post by NewcastleFalcon »

....who owns PSA? Well the Chinese already "own" 13%, exactly the same shareholding as "The French Government" if this comment is accurate
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Paul Mynn 6 Mar 2017 11:40AM

This is part of the expansion resulting from the state-rescue of Peugeot-Citroen a few years ago. The French government now owns 13% of the new company PSA. The Chinese firm Dongfeng also owns 13%. The Peugeot family share is now down to only 14% from 25%. GM actually sold a 7% share in the company during the crisis in 2013. Basically this is expansion built not on success but on the sharing of failure and increased debt. The question is how long can the French government sustain this financial assistance? My guess is it probably contravenes EU state-funding regulations. The Chinese may be asked to take a larger share in the coming years.

Regards Neil