France-based PSA Group has agreed to buy General Motors' European subsidiary Opel for 1.3 billion euros. The deal moves PSA into second place in European market share behind Volkswagen Group.
The world's major carmakers are cautiously upbeat about the industry's prospects for 2017, despite facing fundamental change from tighter emissions rules, electric vehicles and autonomous driving.
The Geneva Motor Show comes at a time of profound changes in the auto industry on the Continent and elsewhere, as DW's Janelle Dumalaon reports from Switzerland. What are the highlights this time around?
A deal on French carmaker PSA's takeover of GM's European division seems to be just around the corner. The breakthrough looks set to be officially announced on Monday.
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