General Motors is in the news again ,this time money is changing hands.

It has sold its European operations in a deal worth $2.3 billion.

GM has let go off its Opel and Vauxhall brands to French automaker PSA Group. The deal includes the sale of GM Financial’s European division, which PSA and BNP Paribas are acquiring together.

This deal now makes PSA the second largest automaker in Europe just behind Volkswagen.They also own Peugeot, Citroen, and DS brands.

The deal had to be made because business has not being booming in Europe as expected for GM since 1999.It is believed that PSA would take things to the next level since they have had great success already with their existing brands.

What do you think about this development ?

By Donald3d

https://autojosh.com/gm-sells-opel-2-3-billion/

Cc
Lalasticlala
Mynd44
Ishilove
Marpol
Semid4lyfe
Obinoscopy

this is the beginning of the end, no disrespect meant

if you have driven an opel speedstar or vauxhall VX220, then you will appreciate minature

GAZZUZZ:
Opel no sweet b4, now dem wan re-mix am with pejo

bros wetin peugeot do u na?