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2022 onwards this plant will produce compact electric vehicles for Vauxhall, Opel, Peugeot and Citroen which will be sold not just in the UK.

Stellantis Announces First Plant Dedicated To EVs In UK

The goal is to generate a positive operational free cash flow by 2020 as well as an operating margin of 2 percent by 2020 and 6 percent by 2026

PSA Finalises Purchase Of Opel/Vauxhall From General Motors

General Motors Co and French automaker PSA Group are said to be in talks which will see the latter take over GM's auto business in Europe. The PSA Group clarified this in a statement saying "Since 2012, General Motors and PSA Group have been implementing an alliance covering, to date, three projects in Europe and generating substantial synergies for the two groups. Within this framework, General Motors and PSA Group regularly examine additional expansion and cooperation possibilities, as well. PSA Group and General Motors confirm they are exploring numerous strategic initiatives aiming at improving profitability and operational efficiency, including a potential acquisition of Opel Vauxhall by PSA."

General Motors In Talks With Peugeot To Sell European Auto Business

Vauxhall recently revealed the fourth-generation Corsa that will go into production later this year.

4th Generation Vauxhall Corsa Revealed

General Motors has made a commitment to invest $341 million USD (250 million euros) at the company's manufacturing facility in Tychy, Poland.

General Motors to invest $341 million for diesel engine plant in Poland

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