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GM weighs selling Opel to France's PSA

Sale will free it from persistent losses in Europe; potential deal will create Europe's second largest carmaker
Thursday, February 16, 2017 - 05:50

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Opel's powerful labour representatives have signalled that they would oppose a merger of the carmakers, which have little prospect of being competitive in the crowded European market unless they cut their workforces.

Frankfurt

GENERAL Motors floated the possibility on Tuesday that it could exit the large but troubled European market by selling its chronically unprofitable Opel unit to the French maker of Peugeot and Citroen cars.

The potential deal would create Europe's second largest carmaker

sentifi.com

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