GM Sells Opel/Vauxhaul to PSA Peugeot Citroen

摘要

General Motors has sold its money-hemorrhaging European operations in a deal worth $2.3 billion, unloadeing its Opel and Vauxhall brands to French automaker PSA Group. The deal also includes the sale of GM Financial's European division, which will be jointly acquired by PSA and BNP Paribas. Thanks to the deal, PSA is now the second-largest automaker in Europe, just behind Volkswagen. The automaker, which also owns the Peugeot, Citroen, and DS brands, now has a 17 percent market share in the region.