GM sells Opel to France’s PSA Group

GM sells Opel to France’s PSA Group
2017 Opel Insignia Grand SportGeneral Motors confirmed on Monday that it has reached an agreement to sell its struggling European division Opel to French auto giant PSA Group, the parent of French brands Citroën, DS and Peugeot. The deal, which is valued at 2.2 billion euros (approximately $2.33 billion), will see PSA trail only the Volkswagen Group for size among…
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