VAUXHALL is on target to meet its PACE! strategic plan – to be sustainably profitable, electric and global.
Vauxhall/Opel Chief Executive Michael Lohscheller said the business, now owned by PSA, posted a profit of €502m in the first six months of 2018.
One important lever for the sustainable economic success is the improved competitiveness in all areas of the company. Vauxhall/Opel managed to cut its fixed costs by 28% in the first half of the year.
The company also delivered on its promise to streamline its senior management.
Vauxhall is increasingly benefitting from the integration into the Groupe PSA. Vehicles based on the shared Multi Energy Platforms are up to 50% more cost efficient in development while at the same time improving quality.
Extensive synergies are also being achieved in numerous other areas of the company – such as by the creation of integrated sales structures in many European countries, as well as global functions.
Having access to PSA platforms and propulsion technologies is the foundation for the extensive electrification of the Vauxhall portfolio.
Four vehicles will be electrified in 2020 including the new Corsa in a pure battery electric variant, along with the Grandland X PHEV – Vauxhall’s first plug-in hybrid.
The company will bring a total of eight new models to market in the next two years and there will be an electric version of every Vauxhall model by 2024.
Elsewhere, Vauxhall is attacking the profitable light commercial vehicle segment. In the mid-term, the company wants to increase its market to the same level as that in the passenger car segment.
This will be made possible by improvements to the dealer contracts and a completely renewed portfolio.
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