Flagships at the Opel stand: From 1937 Admiral to the new Insignia
Center of classic car world: Techno Classica in Essen from April 5 to 11
Joint effort: Opel Classic and Alt Opel IG share exhibition stand
Opel flagships at Techno Classica: From Opel Admiral to All-New Opel Insignia Grand Sport
.
Opel’s big boys have got their sights firmly set on the 29th Techno Classica in Essen, where Opel Classic and the enthusiasts from Alt Opel IG
(vintage Opel owners club) will exhibit big cars from Rüsselsheim from
both past and present. “The Opel Flagships” is this year’s motto and the
cars will be on show at the stand with a total surface area of 400
square meters in Hall 2. The legendary pre-WWII Admiral that celebrated
its premiere in 1937 is the spearhead of the Opel fleet. It is hard to
imagine that the wonderful art déco style chassis is already 80 years
old when you see it up close. The journey through time continues with
the two millionth Opel produced, a 1956 Kapitän. Typical representatives
of the KAD models such as a 1968 Diplomat A and a 1970 Opel Admiral –
two true street cruisers – are also present. The 1978 Senator A is a
typical design from the somewhat more matter-of-fact 1970s, whereas the
new Opel flagship, the Insignia Grand Sport, demonstrates Opel’s current
design philosophy of “Sculptural artistry meets German precision”.
Eight decades of “Big Opels”: Legendary 1937 Opel Admiral and All-New Opel Insignia Grand Sport.
From 1937 to 2017: From the Opel Admiral to the new Opel Insignia Grand Sport
The large Opel cars can look forward to enjoying the limelight at the
Techno Classica in Essen – just like they did in Rüsselsheim 80 years
ago. To mark the 75th anniversary of the Adam Opel AG on
February 17, 1937 the company presented two visionary newcomers: The
Admiral and the Super 6. Both cars were equipped with modern engine
technology. Inline sixes with displacements of 3.6 and 2.5 liters and 75
hp and 55 hp respectively. The Admiral was the first member in a line
of luxurious models that continued for 40 years. The Super 6 paved the
way for the popular 1938 Kapitän.
Ten years later the first post-WWII Kapitän left the plant and the
economic miracle saw it rise meteorically. The Opel Kapitän was one of the
bestselling six cylinders in Germany and became an international
bestseller with 60 percent of all Kapitäns being exported. The Kapitän
built on November 9, 1956, and on display in Essen plays a special part
in the success story. As the two millionth Opel ever built, its roof was
painted in gold and it also sports 24-carat gold plated decorative
elements. Opel was the first German and European carmaker to surpass the
two-million mark.
The Opel upper class was completely overhauled in 1964. The “Big
Three” were called Kapitän, Admiral and Diplomat and for the first time
in its history Opel offered V8 engines. The ranking order in the premium
class was determined by equipment and engine size. The Kapitän and
Admiral initially came with Opel’s proven 100 hp, 2.6 liter six-cylinder
engine, whereas the Diplomat’s engine was sourced from the United
States. The flagship of the KAD series featured a 4.6 liter V8 with 190
hp. As of the spring of 1965 both the Kapitän and the Admiral could
optionally be ordered with the 4.6 liter V8 engine and automatic
transmission used in the Diplomat. To this very day the Kapitän and
Admiral V8s are models with a special status: Only 113 units of the
Kapitän and 622 units of the Admiral were built.
The members of the second KAD range were completely overhauled from
1969 – and grew in all areas. The Kapitän once again represented the
entry-level KAD model. Its 2.8 liter inline six delivered 132 hp. Above
it, sat the comfortable Admiral that delivered 145 hp at the 2800 S
variant and 165 hp as the Admiral 2800 E. The top-of-the-line engine was
the 5.4 liter V8 with 230 hp that came as standard in the Diplomat.
40 years after the Admiral made its debut, the company brought
another new big Opel to market. From 1977, the Senator was the spearhead
of the model portfolio. The Senator and its coupé sibling the Monza
were the first Opel cars with independentl rear suspension and
space-saving mini-block coil springs.
Another four decades down the line, eighty years after the Admiral,
the time has come for another major debut: The new Opel Insignia Grand
Sport will make its first home appearance at the Techno Classica.
The all-new Opel Insignia is in extremely good shape. It has the
sporty elegance of a large coupé, its completely new architecture makes
it uncompromisingly spacious and truly fun to drive, and it offers
exemplary safety and comfort features just as a true flagship should.
Not only does the second-generation Insignia impress with its
breathtaking lines on the outside and great wellness atmosphere on the
inside, it also provides the widest range of intelligent technologies
reaching from the trendsetting Opel IntelliLux LED Matrix
headlights and the very sophisticated all-wheel drive system with torque
vectoring to ultra-modern driver assistance systems and a refined head
up display. In addition, the Insignia comes with Opel-typical
first-class connectivity with smartphone integration which now offers a
new Opel OnStar feature – the Personal Assistant which allows Opel Insignia
occupants to book hotel rooms[1] and search for parking[2]
via an OnStar Advisor. Overall, the new Opel Insignia wows with high agility
and driving precision, more space and a superb price-performance ratio
that now more than ever make it a contender to be reckoned with, even
for premium brand models.
[1] Via booking.com. E-mail address and credit card required. [2] Via Parkopedia
Bähr & Fess gives Astra highest retained value in its class
Quality counts: Bähr & Fess certifies the residual value of the Opel Astra as the highest in its class.
Around 400,000 units of the Opel Astra have been ordered since its
introduction in 2015. Buyers of the compact Opel not only enjoy a
well-engineered and attractive looking car, but also high residual
values. In their newest forecast, Bähr & Fess confirm that the Astra
offers the highest retained value in its class. With depreciation of
only 41.5 percent after three years (60,000 kilometers) the Astra is two
percentage points ahead of the second placed VW Golf (43.5 percent
depreciation). The following places are occupied by the Audi A3 (44.5
percent), the Seat Leon and Skoda Octavia (both 46.5 percent) and the
BMW 1-series (47 percent). According to Bähr & Fess, customers of
the Ford Focus can expect the highest depreciation among compacts cars
(52 percent).
Safe investment: With depreciation of only 41.5 percent after three years the Opel Astra is best in class.
“Our Opel Astra is a serial winner in comparison tests, has received
numerous prizes and has now come out on top in an especially hard-fought
contest,” said Peter Küspert, Vice President Sales and Aftersales. “The
Astra’s high residual values confirm the excellent quality of our
bestseller. Private customers as well as fleet operators can be sure
that buying an Opel Astra is a good investment.”
More than €500 million investment in production preparation
Opel Insignia Grand Sport in abalone white stars at employee event
Opel CEO Dr. Neumann praises work so far and emphasizes importance of All-New Opel Insignia
All systems go: Opel CEO Dr. Karl-Thomas Neumann, Plant Manager
Michael Lewald, Deputy Chairman of the Works Council Uwe Baum (from left
to right) and the Rüsselsheim team celebrate the start of regular
production of All-New Opel Insignia.
A new era begins today at Opel’s home plant in Rüsselsheim; the first
Opel Insignia Grand Sport produced to customer order officially rolled off
the assembly line on Tuesday. “We have been looking forward to today for
a long time; our new flagship has finally arrived. This is an important
day for Opel and Rüsselsheim,” said Opel CEO, Dr. Karl-Thomas Neumann
during the celebrations for the start of production of the second
generation Opel Insignia. We invested more than €500 million just to
prepare for the production of our new flagship.” An Insignia Grand Sport
in abalone white with 170 hp 2.0 liter diesel engine stood in the
spotlight at the end of the production line.
Deputy Works Council Chairman, Uwe Baum said: “The team here in
Rüsselsheim has once again demonstrated that they can deliver smooth
production start-ups enabling great cars to leave the assembly line. The
Works Council is especially grateful to them today, because the new Opel
Insignia is an important part of the future for Opel, which would not be
possible without the input of these colleagues.”
Dr. Karl-Thomas Neumann also praised the work of the whole team in
the Rüsselsheim plant and added: “The new Opel flagship is a core
element of our product offensive, which will reach a new peak with seven
new models this year alone.”
Plant Manager, Michael Lewald thanked his workforce for their great
efforts in successfully preparing and executing the start of production
during the last months. “Our team did another great job and superbly
executed this highly complex production-start. I am proud of our new
flagship and the performance of the Rüsselsheim team.”
Production-start for Opel flagship: All-New Insignia Grand Sport and Sports Tourer (right).
The order books for the new Opel Insignia Grand Sport and Sports Tourer
opened on February 16. The first three production cars are destined for
Poland, Denmark and Germany. The new Opel flagship just made its
official world premiere at the Geneva Motor Show. The car will be in
dealer showrooms this summer.
Dr. Neumann is confident that the new edition of the Opel flagship
will continue the success of its predecessor. Nine hundred and forty
thousand (940,000) units of the first generation Opel Insignia – The 2009
European Car Of The Year – have been sold in total, making it the fourth
best-selling Opel model.
Based on an all-new vehicle structure, the new Insignia is up to 200
kilograms lighter than its predecessor as well as lower and more
spacious inside. The design is athletic yet elegant. One of the
technology highlights is the intelligent all-wheel drive system with
torque vectoring – torque distribution to individual wheels within
milliseconds. The new Insignia also offers a host of driver assistance
systems that contribute to safety and make driving more comfortable and
relaxing, such as the second-generation IntelliLux LED Matrix headlights, Adaptive Cruise Control (ACC) and active lane assist.
Make it yours: New Opel Exclusive program will allow customers to
choose from an unlimited amount of colors for their new Insignia.
New
level of personalization: New Opel Exclusive concept presented at Geneva Motor
Show
Unlimited
choice: Customers can now stand out with the color of their choice
Additional
options: Exclusive wheels, leather options and design details available
Style
and profile: 4K digital showroom to configure and share
When Opel launched the ADAM in 2013, it not only marked the introduction
of a new small car to the market – it also tapped in to the increasing demand
for more personalization and individualization.
Ever since then, the company
has been looking into extending this service and introducing a program that
allows a growing amount of customers to configure their car according to their
own personal taste. With the introduction of the new Opel Insignia, the
Rüsselsheim-based carmaker will offer a new level of individualization called Opel
Exclusive. In a first step, it will provide Opel Insignia buyers with an
unlimited choice of colors and a selection of alloy wheels. Later, customers
will also have access to an assortment of leather options and other design
details that will enable them to create a car that stands out from the crowd
and reflects their personal choice.
Selecting the perfect color for a new car can
sometimes prove to be more difficult than first meets the eye. The red offered
by the carmaker might be too dark, the blue too light or the green tone too
close to mint according to personal taste. Therefore, customers sometimes have
to accept a compromise when purchasing the car they really want. Opel will be the
first volume manufacturer to introduce a solution for this conundrum with the launch
of the Opel Exclusive program during the Geneva Motor Show. However, despite
the name maybe suggesting otherwise – Exclusive does not mean elitist or only
accessible to a select few. Instead, the name reflects Opel’s desire to give
customers the chance to create something that is exclusive to their own
personal taste, enabling them to reward themselves via personal expression in a
way that adds value for them.
“Opel Exclusive almost knows no limits. Individualized
colors, customizable design details and inimitable comfort features help you
create the Insignia of your choice and exactly how you want it. Literally
unique to you,” said Opel CMO Tina Müller.
Stand out from the crowd
with your exclusive color
When customizing their new Opel Insignia, Opel
Exclusive customers can choose from up to 15 pre-defined colors ranging from Electric
Yellow to Pure Black or from Scorpio Grey to Power Blue. These are available in
addition to the regular colors and solely available to Opel Exclusive clients. However,
this is by no means all. Customers looking for even more individualization can create
their own color no matter whether it is the shade of their favorite silk tie or
the color of the eyes of a loved one.
The Opel experts will match the color
when a sample is provided so that everybody can have a car in their preferred
color.
With the choice of color made, Opel Exclusive
customers can add a further level of customization by selecting what they want
the paintwork to say about them. Opel will offer three distinctive finishes.
The tri-coat paint finish is an innovative mixing ratio. It owes its intensive
and smooth appearance to the three-layer coating. The metallic paint finish reflects
more incident light, which gives the paint its sparkling shine. And the pearl
paint finish dazzles with fine layers of crystals embedded in the paint finish
that help bring out an exceptionally natural pearly shine.
In addition to the choice of color and paint finish,
Opel Exclusive will also offer a selection of four new and exclusive alloy
wheels to help customers create their own unique car. Ranging from 18 to
20 inches, the wheels bring a new level of pure dynamism to the Insignia with
their breathtaking design. Additionally, going forward Opel will offer a range
of exclusive leather options and decorative design elements so that customers
can customize the car even further.
New
digital showroom to configure and share
As part of the Exclusive program, Opel will also
be exploring new digital solutions such as showroom images in 4K, an ultra-high
definition resolution, and augmented reality to allow customers to easily
experience their new vehicle in amazing definition while enjoying an immersive
experience. The focus is on creating state-of-the-art digital experiences
following the mobile first principle and allowing customers wherever they are
to experiment when configuring their own personal car. Once they have
configured the car of their dreams, potential buyers can then share their ideas
with their social media network.
Opel Insignia buyers will be able to use the Exclusive
program to personalize their car as of this summer. Prices will be communicated
closer to the official market launch.
New possibilities: Opel and Vauxhall in future under one roof with PSA
Good cooperation: Presentation of the Opel Crossland X developed with PSA
Dynamic duo: World premiere of Opel Insignia Grand Sport and Sports Tourer
Major appearance in Geneva: Opel CEO Dr. Karl-Thomas Neumann
presents the new Opel Insignia Grand Sport and the new Opel Crossland X.
The Opel/Vauxhall stand at the 87th
Geneva Motor Show (March 7‑19) was opened this morning by Dr.
Karl-Thomas Neumann. In front of an audience of around 400 international
journalists, the Opel Group CEO spoke about the alliance with
the PSA Group announced in Paris the day before. Later he presented the
Opel Crossland X crossover that has already been developed together
with PSA. Finally there was the world premiere of the second-generation
Opel Insignia. Dr. Neumann revealed, together with vice president of design,
Mark Adams, Opel Insignia Grand Sport five-door liftback and the spacious
Insignia Sports Tourer.
From Opel Monza Concept to the Opel Insignia Grand Sport: Mark Adams, Vice President Design presents the all-new Opel flagship.
Speaking today about the new possibilities for the brand under the
roof of PSA, Opel CEO Neumann said “We now have the chance to create a
real European champion. We will benefit from the new scale but also from
the joint vehicle development and the strengths of both our companies
with their highly motivated and highly qualified employees.”
Opel and PSA have already been working together closely for four
years. In Geneva Dr. Neumann presented the stylish Opel Crossland X, the
first successful result of the joint vehicle development.
Cool crossover with ultra-modern technologies
Good cooperation: Presentation of the Opel Crossland X developed with PSA.
The Crossland X is the second member of the Opel family with the X in
its name. While the popular Opel Mokka X is a typical SUV with the
option of all-wheel drive for occasional trips off-road, the new Opel
Crossland X with its compact exterior dimensions is designed for the
urban lifestyle; it is also spacious and comfortable for the holidays.
The driver and passengers enjoy the high seating positions typical of a
SUV, in a body that is 16 centimeters shorter but 10 centimeters taller
than that of the Opel Astra. Opel’s new crossover model comes with
ultra-modern technologies that make everyday life safer, simpler and
more pleasant. Optional innovative Full-LED headlamps, a head up display
and the Panoramic Rear View Camera along with Advanced Park Assist,
Lane Keep Assist, Speed Sign Recognition, Driver Drowsiness System and
Side Blind Sport Alert are just some examples. Opel OnStar and the
modern IntelliLink infotainment systems, which are, depending on the end
device, compatible with Apple CarPlay and Android Auto, ensure
outstanding digital connectivity.
New flagship: World premiere for new generation Opel Insignia
The all-new Opel Insignia is in extremely good shape. It has the
sporty elegance of a large coupé, its completely new architecture makes
it uncompromisingly spacious and truly fun to drive, and it offers
exemplary safety and comfort features just as a true flagship should.
Not only does the second generation Insignia impress with its
breathtaking lines on the outside and its great wellness atmosphere on
the inside, it also provides the widest range of intelligent
technologies reaching from the trendsetting Opel IntelliLux LED Matrix headlights and the very sophisticated all-wheel drive system
with torque vectoring to ultra-modern driver assistance systems and the
refined head up display. The active aluminum hood for improved
pedestrian protection rounds off the significant increase in safety. In
addition, the Insignia comes with first-class connectivity with
smartphone integration, which now offers a new Opel OnStar feature – the
Personal Assistant. It allows Insignia occupants to book hotel rooms[1] and search for suitable parking spots[2] via an OnStar Advisor – indeed a real person and not a computer. A 360o
degree camera, an eight-speed automatic transmission and intelligent
all-wheel drive with torque vectoring (torque distribution to individual
wheels) are available for the first time. Together with efficient new
generation turbo engines, weight reduction of up to 200 kilograms
(depending on the variant) and a lower seating position, the new Opel
Insignia Grand Sport and Sports Tourer are more agile than ever before
and give the driver a direct and rewarding driving experience.
1 Via booking.com. E-mail address and credit card required. 2 Via Parkopedia.
Establishes PSA Group as #2 in Europe. This strong and balanced
presence in its home markets will serve as the basis of profitable
growth worldwide
Joint venture in auto financing with BNP Paribas to support development of Opel/Vauxhall brands
€2.2 Bn transaction advances GM’s transformation and unlocks shareholder value through disciplined capital allocation
Change of ownership at Opel/Vauxhall: PSA Group CEO, Carlos Tavares and GM CEO, Mary Barra at the press conference in Paris.
General Motors Co. and PSA Group today announced an agreement under which GM’s
Opel/Vauxhall subsidiary and GM Financial’s European operations will
join the PSA Group in a transaction valuing these activities at €1.3 Bn
and €0.9 Bn, respectively.
With the addition of Opel/Vauxhall, which generated revenue of €17.7 Bn in 20161, PSA will become the second-largest automotive company in Europe, with a 17% market share2.
Creates sound European foundation for PSA to support its worldwide profitable growth
“We are proud to join forces with Opel/Vauxhall and are deeply
committed to continuing to develop this great company and accelerating
its turnaround,” said Carlos Tavares, chairman of the Managing Board of
PSA. “We respect all that Opel/Vauxhall’s talented people have achieved
as well as the company’s fine brands and strong heritage. We intend to
manage PSA and Opel/Vauxhall capitalizing on their respective brand
identities. Having already created together winning products for the
European market, we know that Opel/Vauxhall is the right partner. We see
this as a natural extension of our relationship and are eager to take
it to the next level.”
Summit in Paris: PSA Group CEO, Carlos Tavares; GM CEO, Mary Barra and Opel CEO, Dr. Karl-Thomas Neumann.
“We are confident that the Opel/Vauxhall turnaround will
significantly accelerate with our support, while respecting the
commitments made by GM to the Opel/Vauxhall employees,” continued Mr.
Tavares.
Advances GM’s Transformation and Unlocks Value
“We are very pleased that together, GM, our valued colleagues at
Opel/Vauxhall and PSA have created a new opportunity to enhance the
long-term performance of our respective companies by building on the
success of our prior alliance”, said Mary Barra, GM chairman and
chief executive officer.
“For GM, this represents another major step in the ongoing work that
is driving our improved performance and accelerating our momentum. We
are reshaping our company and delivering consistent, record results for
our owners through disciplined capital allocation to our higher-return
investments in our core automotive business and in new technologies that
are enabling us to lead the future of personal mobility.
“We believe this new chapter puts Opel and Vauxhall in an even
stronger position for the long term and we look forward to our
participation in the future success and strong value-creation potential
of PSA through our economic interest and continued collaboration on
current and exciting new projects,” Ms. Barra concluded.
Strengthens Each Company for the Long Term
The transaction will allow substantial economies of scale and
synergies in purchasing, manufacturing and R&D. Annual synergies of
€1.7 Bn are expected by 2026 – of which a significant part is expected
to be delivered by 2020, accelerating Opel/Vauxhall’s turnaround.
Leveraging the successful partnership with GM, PSA expects Opel/Vauxhall
to reach a recurring operating margin3 of 2% by 2020 and 6% by 2026, and to generate a positive operational free cash flow4 by 2020.
PSA, together with BNP Paribas, will also acquire all of GM
Financial’s European operations through a newly formed 50%/50% joint
venture that will retain GM Financial’s current European platform and
team. This joint venture will be fully consolidated by BNP Paribas and
accounted under the equity method by PSA.
The transaction is another step in GM’s ongoing work to transform the
company, which has delivered three years of record performance and a
strong 2017 outlook, and returned significant capital to shareholders.
It will strengthen GM’s core business, support its continued deployment
of resources to higher-return opportunities including in advanced
technologies driving the future, and unlock significant value for
shareholders.
By immediately improving EBIT-adjusted, EBIT-adjusted margins and
adjusted automotive free cash flow and de-risking the balance sheet, the
transaction will enable GM to lower the cash balance requirement under
its capital allocation framework by $2 Bn, which it intends to use to
accelerate share repurchases, subject to market conditions.
GM will also participate in the future success of the combined entity
through its ownership of warrants to purchase shares of PSA. GM and PSA
also expect to collaborate in the further deployment of electrification
technologies and existing supply agreements for Holden and certain
Buick models will continue, and PSA may potentially source long-term
supply of fuel cell systems from the GM/Honda joint venture.
Additional Information
Terms of the Agreement
Opel/Vauxhall automotive operations will be acquired by PSA for €1.3
Bn. GM Financial’s European operations will be jointly acquired by PSA
and BNP Paribas for 0.8 times their pro forma book value at the closing
of the transaction, or approximately €0.9 Bn.
The transaction has a total value of €2.2 Bn, for Opel/Vauxhall
automotive operations and 100% of GM Financial’s European operations.
The transaction value for PSA, including Opel/Vauxhall and 50% of GM Financial’s European operations, will be €1.8 Bn.
In connection with this transaction, GM or its affiliates will
subscribe warrants for €0.65 Bn. These warrants have a nine-year
maturity and are exercisable at any time in whole or in part commencing 5
years after the issue date, with a strike price of €1. Based on a
reference price of €17.34 for the PSA share5, the warrants correspond to 39.7 MM shares of PSA, or 4.2% of its fully diluted share capital6.
GM will not have governance or voting rights with respect to PSA and
has agreed to sell the PSA shares received upon exercise of the warrants
within 35 days after exercise.
The transaction includes all of Opel/Vauxhall’s automotive
operations, comprising Opel and Vauxhall brands, six assembly and five
component-manufacturing facilities, one engineering center (Rüsselsheim, Germany) and approximately 40,000 employees. GM will retain the
engineering center in Torino, Italy.
Opel/Vauxhall will also continue to benefit from intellectual
property licenses from GM until its vehicles progressively convert to
PSA platforms over the coming years.
In connection with the transaction, GM will take a primarily non-cash special charge of $4.0-4.5 Bn.
Ongoing Pension Fund Commitments
All of Opel/Vauxhall’s European and U.K. pension plans, funded and
unfunded, with the exception of the German Actives Plan and selected
smaller plans will remain with GM. The obligations with respect to the
German Actives Plan and these smaller plans of Opel/Vauxhall will be
transferred to PSA. GM will pay PSA €3.0 Bn for full settlement of
transferred pension obligations.
Closing Conditions
The transaction is subject to various closing conditions, including
regulatory approvals and reorganizations, and is expected to close
before the end of 2017.
Warrants
The issuance of the warrants is subject to the vote of shareholders at PSA’s General Meeting of May 10th,
2017. The three main shareholders of PSA (the French State, the Peugeot
family and DongFeng) representing in aggregate 36.6% of the share
capital and 51.5%7 of the voting rights of PSA have
undertaken to vote in favor of the resolution related to the issuance of
the warrants to GM. In the event the warrant issuance reserved to GM
and its affiliates is not approved by PSA’s General Meeting, PSA will
settle the €0.65 Bn in cash over five years.
About PSA Group
With sales and revenue of €54 billion in 2016, PSA Group designs
unique automotive experiences and delivers mobility solutions that
provide freedom and enjoyment to customers around the world. The Group
has three car brands, Peugeot, Citroën and DS, as well as a wide array
of mobility and smart services under its Free2Move brand, to meet the
evolving needs and expectations of automobile users. The automobile manufacturer PSA is the European leader in terms of CO2 emissions, with average emissions of 102.4 grams per kilometer in 2016,
and an early innovator in the field of autonomous and connected cars,
with 2.3 million such vehicles worldwide. It is also involved in
financing activities through Banque PSA Finance and automotive equipment
via Faurecia.
PSA Group Forward-Looking Statements
This press release includes forward-looking statements and
information about the objectives of PSA Group, in particular, relating
to the acquisition of GM’s Opel/Vauxhall subsidiary and GM Financial’s
European operations, and corresponding expected synergies. These
statements are sometimes identified by the use of the future tense or
conditional mode, as well as terms such as “estimate”, “believe”, “have
the objective of”, “intend to”, “expect”, “result in”, “should” and
other similar expressions. It should be noted that the realization of
these objectives and forward-looking statements is dependent on the
circumstances and facts that arise in the future. Forward-looking
statements and information about objectives may be affected by known and
unknown risks, uncertainties and other factors that may significantly
alter the future results, performance and accomplishments planned or
expected by PSA Group. These factors may include changes in the economic
and geopolitical situation and more generally those detailed in Chapter
1.5 of the reference document filed with the Autorité des marchés
financiers (the “AMF”) on 24 March 2016 under no. D.16-0204.
1 Opel/ Vauxhall financials correspond to financials of the contributed entity 2 Excluding Russia and Turkey. Source: IHS (February 2017) 3 IFRS. Subject to full review of US GAAP – IFRS differences 4 Defined as recurring operating income + D&A – restructuring costs – capex – capitalized R&D – change in working capital 5 Reference price is the 20-day volume-weighted average share price of PSA as of February 13th, 2017 (pre-leak of February 14th, 2017) 6 Based on 907 MM fully diluted shares outstanding 7 Based on a fully diluted number of shares outstanding of 907 MM shares, pro forma the exercise of all outstanding 2014 warrants
