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GM in Talks to Sell Opel to PSA Group (the Peugeot and Citroën People)

Posted By GMbeat on Articles

http://blog.caranddriver.com - The French and Germans are dancing again to an American beat, with General Motors in confirmed discussions to sell its Opel and Vauxhall operations to PSA Group (the parent of Peugeot and Citroën). The two corporations previously bopped to a similar beat in 2012, when merging Opel with PSA was floated as a possibility and the companies planned to co-develop four vehicle platforms in the wake of heavy losses suffered by PSA (nearly $5 billion in 2012).

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