Peugeot Chief Says Brexit Adds Pressure on Vauxhall's Plants
- Vauxhall more an ‘asset’ than a ‘penalty,’ CEO Tavares says
- British brand faces tough turnaround as leaving EU adds risk
The Vauxhall production line plant and distribution center in Ellesmere Port, U.K.
Photographer: Anthony Devlin/BloombergThis article is for subscribers only.
PSA Group is pushing the U.K. factories acquired in its deal for General Motors Co.’s European operations to make a leap in competitiveness to offset the potential risks posed by Brexit.
British Vauxhall plants, where production costs are about twice as high as the French automaker’s domestic sites, face hurdles in either a hard or soft Brexit scenario, Carlos Tavares, PSA’s chief executive officer, said in an interview in Berlin.