Vauxhall’s profitability plan: electric Corsa, Grandland X PHEV and nine new models due by 2020
Vauxhall has set out its plans for future profitability, and electrification is high on the agenda. Its first electric vehicle will be the new Corsa, due in 2019, while nine new cars will be launched by 2020.
The upcoming electric Corsa will sit on an electrified version of the platform (e-CMP) used by the Peugeot 208 and Citroen C3, following its acquisition by PSA Group earlier this year.
No official photos of the future Corsa have been revealed yet, but Vauxhall has confirmed it will receive a new design language as well as a new platform.
Vauxhall has also confirmed it will launch a plug-in hybrid version of the new Grandland X SUV by 2020, as well as two other as-yet unnamed cars featuring electrified drivetrains. All models will switch to existing PSA platforms faster than originally expected too.
By 2024, all new Vauxhalls will sit on just two PSA platforms – CMP for smaller vehicles like the upcoming Corsa, and EMP-2 for its larger vehicles. Electrified drivetrains will be available on ALL models by this date too. But why?
Although the reduction may seem a little drastic, it’s part of the group’s PACE! initiative that aims to return Vauxhall to profitability by 2020 – a smaller range of drivetrains and platforms will enable it implement the plan.
Michael Lohscheller, Opel/Vauxhall CEO said: “Aligning architecture and powertrain families will substantially reduce development and production complexity, thus allowing scale effects and synergies, contributing to overall profitability.”
Vauxhall’s Ellesmere Port and Luton plants will remain open. There had been speculation that PSA could close the British-based plants, but PSA made clear it intends to keep all its current European plants open.
Lohscheller commented: “PACE! will unleash our full potential. This plan is paramount for the company, to protect our employees against headwinds and turn Opel/Vauxhall into a sustainable, profitable, electrified, and global company.”
We’ll bring you details on the upcoming Corsa and other models when we know more, but for now you can check out lease deals on the latest Vauxhalls by clicking here.