FRANKFURT, March 6 (Reuters) - PSA Group's Chief
Executive Carlos Tavares said Vauxhall's factories are an asset
for the French carmaker if Britain exits the European common
market in a so-called "Hard Brexit" scenario.
Tavares told analysts and investors on Monday that a
proposed combination of PSA Group with the European operations
of General Motors, presents an opportunity.
"Opel Vauxhall was prevented until now to sell overseas.
There is an export potential opportunity for us. There is also
the Brexit and the risk and the opportunity to have inside of
the U.K. some manufacturing plants in case we have a hard
Brexit. All of this represents opportunities that we want to
tackle," Tavares said.
Automakers fear that a complete departure from the European
common market could result in the imposition of tariffs for
exporting and importing vehicles into Great Britain. Having a
car plant in Britain would help Peugeot overcome such tariffs.
Vauxhall has a plant in Ellesmere Port and in Luton.
(Reporting by Edward Taylor; Editing by Harro ten Wolde)