Vauxhall appoints former Nissan GB MD Paul Willcox as new boss

  • Vauxhall appoints former Nissan GB MD Paul Willcox as new boss

Vauxhall appoints former Nissan GB MD Paul Willcox as new boss

In a press conference yesterday (Feb 19), the new boss of Stellantis (Vauxhall's new owner and formed from the merger of Group PSA and Fiat Chrysler Automobiles) Carlos Tavares said the United Kingdom government's decision to ban pure petrol and diesel cars from 2030 caused problems.

The merger, completed on Saturday, has created the world's fourth-biggest carmaker to help make the switch to the new era of electrification and automated driving.

Explaining his thinking, Tavares said that the Government ban would mean the Group would not be investing in internal combustion technology for the United Kingdom, but that investments in alternative electric vehicles will be better placed near the largest markets, which are in Europe.

Stellantis CEO Carlos Tavares said on the automaker's first day of trading on the NYSE that the combination of Fiat Chrysler and PSA Groupe would act as a shield against cuts among its global workforce of 400,000.

When asked about the future of the group's Ellesmere Port plant in Britain and whether Stellantis would invest in electric vehicles there, following the conclusion of a Brexit trade deal, Tavares said: "we are now reviewing those different scenarios".

Stellantis price chart – 1-day candles view with volume RSI and MACD – Source TradingView
Stellantis price chart – 1-day candles view with volume RSI and MACD – Source TradingView

"We are now deciding where we are going to put those investments and we do not forget. that we have a strong asset, which is a brand called Vauxhall", he said on Tuesday.

Stellantis, the result of the merger of the parent companies of Peugeot and Fiat, owns the Opel brand, which operates under the Vauxhall name in Great Britain, and manufactures the Astra vehicle at its factory in northern England and the Vivaro van in a country in the south of England. site in Luton.

At his first news conference since the creation of Stellantis on January 16, Tavares repeated a promise not to close factories as a result of the merger.

Stellantis now has 29 electrified hybrid and electric vehicles and will add 10 more by the end of 2021.