General Motors sells Opel and Vauxhall to PSA
General Motors has agreed to sell its European business – the German Opel and British Vauxhall brands – to PSA, which will become Europe’s second-biggest carmaker in terms of sales.
General Motors has agreed to sell its European business to PSA, which will become Europe’s second-biggest carmaker in terms of sales.
The manufacturer of Peugeot and Citroen has pledged to return the German Opel and British Vauxhall brands to profitability but that may come at a cost, with Vauxhall workers in Britain fearing for their jobs.
Al Jazeera’s Jonah Hull reports from London.
Published On 6 Mar 2017