Peugeot in talks to buy General Motor's European auto business to Peugeot

Peugeot in talks to buy General Motor's European auto business to Peugeot

Clarification of PSA GROUP

    Since 2012, General Motors and PSA Group have been implementing an Alliance covering, to date, three projects in Europe and generating substantial synergies for the two groups. Within this framework, General Motors and PSA Group regularly examine additional expansion and cooperation possibilities, as well. PSA Group confirms that, together with General Motors, it is exploring numerous strategic initiatives aiming at improving its profitability and operational efficiency, including a potential acquisition of Opel / Vauxhall.
There can be no assurance that an agreement will be reached. Source/ More On: PSA GROUP oilandgasOil and Gas News Undiluted !!! “The squeaky wheel gets the oil” Follow us: @OilAndGasPress on Twitter | OilAndGasPress on Facebook]]>

#FOLLOW US ON INSTAGRAM