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Vauxhall Motors Limited [note 2] is a British [6] car company headquartered in Chalton, Bedfordshire, England. Vauxhall became a subsidiary of PSA Group in 2017, and latterly it's successor Stellantis in January 2021, having previously been owned by General Motors since 1925.
Gefco near Berlin. Gefco is a large international logistics company, [62] established by Peugeot in 1949 and named Les Groupages Express de Franche-Comté. In November 2012, PSA sold a 75% share to Russian Railways (RZD) for €800m, [63] but retains Gefco as the main logistics provider. [64]
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A car dealer orders vehicles from the manufacturer for inventory and pays interest (called flooring or floor planning). Dealer holdbacks are a system of payments made by manufacturers to their dealers. [5] The holdback payments assist the dealer's ability to stock their inventory of vehicles and improve the profitability of dealers.
To reflect the company's increasing global diversification from its headquarters and main plant (the Volkswagenwerk in Wolfsburg), on 4 July 1985, the company name was changed again—to Volkswagen Aktiengesellschaft (Volkswagen AG).
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The company indicated that it is important for them to locate in a region where their customer base is strongest. Presently, the Big Three domestic brands dominate the Midwest US, especially Metro Detroit where the company was formerly located. Volkswagen of America began its move from Auburn Hills to Herndon in April 2008.