French carmaker PSA announced the acquisition of General Motors' (GM) European subsidiary, which includes the Opel and Vauxhall brands, for 1.3 billion euros ($1.38 billion).
German carmaker Opel is still losing money six months on from its takeover by France's PSA Group. The new owner's first priority is to return Open to profitability. How is the effort progressing?
French car group PSA has put industry veteran Stephen Norman in charge of managing a turnaround for its Opel/Vauxhall operations in Britain and Ireland, saying key to the brand's survival is a pick-up in UK sales.
Britain’s business secretary Greg Clark is meeting the CEO of PSA Carlos Tavares in Paris to discuss job cuts at the Vauxhall car factory. UK politicians and unions are concerned about the future of the plant.
The French company that owns Peugeot and Citroen has struck a deal to buy General Motors' (GM) European unit, including the Opel and Vauxhall brands. PSA is on its way to becoming Europe's second-largest carmaker.
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