Potential purchase by owners of Peugeot and Citroën would create Europe’s second-largest carmaker
America’s largest automotive company General Motors is in talks over a potential sale of its loss-making European arm Opel to the company behind Peugeot and Citroën.
France’s PSA Group said it was exploring “numerous strategic initiatives” to expand on its existing cooperation with Detroit-based GM, the world’s third-largest carmaker.
Continue reading...from Mergers and acquisitions | The Guardian http://ift.tt/2lLdcZA
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