Company News 

Seven days: 20 April 2018

Seven days: 20 April 2018

Out of gas 

Rising competition within the European motor market has become too much for Vauxhall to bear. The brand and its European parent Opel will cancel the contracts of all its 1,600 European dealers – of which 326 are in the UK – and re-franchise a lower number of existing sites over a two-year period. Vauxhall will reduce its UK dealerships to around 200, which could reduce its overall outlets by around a third. UK sales declined by a fifth last year and, although that business is profitable, Vauxhall and Opel are hoping to save €1bn (£863m) by 2022 after being taken over by Peugeot-owner PSA last year.

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