Finalization of Acquisition of Opel, Vauxhall Financial Operations by Groupe PSA, BNP Paribas
Groupe PSA and
The new organisation combining the existing brands
Opel and Vauxhall's financing operations are an essential element of the commercial performance of 1,800 dealers in 11 European countries. They provide a comprehensive range of auto financing products, including consumer loans, leasing and service contracts as well as dealer financing and insurance. Together, they represented around
This new management will present in 100 days its strategic plan with the support of
Commenting on the transaction, Chief Executive Officer
"The development of this automotive finance company is essential to the growth of the Opel and Vauxhall car brands. We are proud to be joining forces to create the conditions for growth and to work with the teams to write another chapter in the company's history. Our complementary areas of expertise are a key asset for making this partnership a success." concluded
For further information about the new executive team
CEO
Through several experiences within Groupe PSA from 1994 to 2017,
Deputy CEO
Pascal BRASSEUR (49) has been Head of the Retail Business Line at
Pascal holds an MBA from ESCP Europe.
ED Paulat
Deputy CEO
Erhard (ED) Paulat (48) has been Executive Vice President,
About Groupe PSA
The Groupe PSA designs unique automotive experiences and delivers mobility solutions to meet all client expectations. The Group has five car brands, Peugeot, Citroen, DS, Opel and Vauxhall, as well as a wide array of mobility and smart services under its Free2Move brand, aiming to become a great carmaker and the preferred mobility provider. It is an early innovator in the field of autonomous and connected cars. It is also involved in financing activities through
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