Nothing to do with Brexit?
There is NO corporate change in cross european and US/UK business relationships in which Brexit is not a factor.
How could it be otherwise when supply and sale chains have been developed over 40 years in light of now threatened internal marke/customs union etc?
Sure PSA and GM have been co-operating for years. Can you show that merger talks were taking place for years as you imply?
Which bit of the subheadline The fall in the pound against the dollar has made it easier for Kraft Heinz to launch an approach for Unilever, and made UK carmaking unattractive to GM is false?
Kraft Heinz have withdrawn their bid - I doubt that any GM-PSA deal cares about the Vauxhall brand or it's factories.
GM has huge paper losses from Opel for years - every time Ellesmere Port is given a choice of be more efficient or close, they (workers, unions and management) step up, make changes and gain efficiency - the same cannot be said for GM's German plants.
The real losses, or profits, will never be known publicly as Opel has to absorb all development costs itself, even for Buick/Holden derivatives, but still gets charged for using GM's IP - so paying twice.
GM doesn't understand the European car market, never has - when Opel and Vauxhall were independent, within GM, and for a couple of decades when Detroit didn't interfere Opel/Vauxhall made huge profits which kept Chevrolet, Buick and Cadillac afloat - when Detroit started interfering in Opel/Vauxhall the profits evaporated.
Expect Peugeot to close Vauxhall, Brexit or not, just like they finished off Rootes Group - they're French after all!
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