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.
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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.
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Published On 6 Mar 2017