News Digest Item
06 Mar 2017

“PSA pays GM 2.3 billion dollars for Opel, sets first recovery goals”

OPEL/Vauxhall / Reuters

French car company PSA Group has agreed to buy Opel and its British Vauxhall brand from General Motors in a deal valuing the business at 2.2 billion euros, OPEL announced in a press release. “By acquiring Opel, the French group leapfrogs rival Renault to become Europe's second-ranked carmaker by sales,” writes Reuters in a separate article.

Read the press release in English here and the Reuters article in English here.

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