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PSA Agrees to Buy Opel and Vauxhall in $2.3 Billion Deal

PSA Agrees to Buy Opel and Vauxhall in $2.3 Billion Deal

PSA Group is betting that size matters in Europe’s saturated car market as closes its deal with GM to buy Opel and its UK sister brand Vauxhall. Despite years of losses for the two under GM, PSA will pay 1.8 billion euros ($1.9 billion US) as the French manufacturer bolsters its defenses in a peak ...
General Motors Sells its Stake in PSA Peugeot Citroën

General Motors Sells its Stake in PSA Peugeot Citroën

General Motors announced Friday that it sold its stake in PSA Peugeot Citroën SA for $343 million, well below the approximately $400 million it paid in March 2012 to get a 7 percent stake in Europe's second-largest carmaker.Although no reason was stated for the sale it is speculated that PSA Peugeo ...

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