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GM near deal to sell Opel to French carmaker

The biggest beneficiary of the deal may be GM. Opel has not made a profit since the 1990s and has been a chronic headache for its parent

Production facility of Opel in Ruesselsheim, Germany. Opel and PSA would be able to operate more efficiently by combining operations like purchasing and design, and by sharing components like engines.

Frankfurt, Germany

THE French maker of Peugeot and Citroen cars is expected to announce on Monday that it will acquire General Motors' Opel unit, in what amounts to a high-risk bet on the sluggish European market at a moment of acute political uncertainty.

A General Motors official...

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