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Peugeot maker PSA Group, who paid General Motors 1.3 billion euros for Opel, now seeks about half of that cash back after finding the whole level of its CO2 emissions
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French automaker PSA Groug secured genuine EU antitrust approval on Wednesday to obtain General Motors’ German unit Opel, a move which will assist it better rival with market leader Volkswagen.
The CEO General Motors’ European subsidiary Opel, Karl-Thomas Neumann, prepares to resign as GM prepares to sell the company to France’s PSA Group, Frankfurter Allgemeine Sonntagszeitung (FAS) reported on Saturday.
Opel, the European subsidiary of General Motors, stated its sale to France’s PSA Group could be finished as early as July 31, pending regulatory approval from antitrust authorities. In March,
Opel will utilize the PSA Group’s technology in the next generation of its best-selling Corsa design, a company spokesperson said, verifying a paper report. PSA Group has agreed to buy
General Motors surprised the European automobile market when it reached a deal to sell Opel and Vauxhall to France’s PSA Group this month. While GM wants to save important resources
Fiat Chrysler Automobiles (FCA) CEO Sergio Marchionne is still interested in a merger with General Motors, stating on last week that it still made sense after General Motors sold its
The managing director of British automobile brand Vauxhall, which is being purchased by Peugeot from General Motors, stated on Tuesday the company’s British production sites were essential to the brand’s
Opel‘s European works council and labor union IG Metall are going to make their approval of an offer by General Motors to sell the automaker to France’s PSA Group based
General Motors stated the sale of its European Opel and Vauxhall operations will free $2 billion to speed up planned share repurchases. GM previously approved a total of $14 billion
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