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PSA buys GM unit for 1.3b euros to become Europe's No 2 carmaker

Tuesday, March 7, 2017 - 05:50

41803347 - 07_03_2017 - BRITAIN AUTOMOTIVE GM PSA OPEL VAUXHALL.jpg
French carmaker PSA on Monday announced the acquisition of General Motors' European subsidiary, which includes the Opel and Vauxhall brands, for 1.3 billion euros (S$1.94 billion).

Paris

FRENCH carmaker PSA on Monday announced the acquisition of General Motors' European subsidiary, which includes the Opel and Vauxhall brands, for 1.3 billion euros (S$1.94 billion).

The move sees PSA regain its position as Europe's second-largest car manufacturer, after

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