Story Details

Sold! GM Offloads Opel onto PSA Peugeot Citroen

Posted By GMbeat on Articles

http://blog.caranddriver.com - General Motors has officially agreed to sell its Opel and Vauxhall brands to the PSA Group as the Detroit automaker attempts to stanch more than a decade of staggering losses in Europe.According to a report by Reuters, the PSA Group (Peugeot and Citroën) approved the deal Friday, weeks after admitting it was seeking to buy the German and British brands that GM has owned for 86 and 91 years, respectively.

Submit a Comment

Log in to comment or register here