PSA Group Reaches Deal with General Motors to Purchase Opel

As expected, a transfer of General Motors' subsidiary Adam Opel AG to European automaker PSA looks to be a done deal. PSA's board approved the deal on Friday, with an official announcement planned for early next week. Considering the European peripheral has cost GM $15 billion in losses since 2000, GM probably isn't terribly sad to see Opel go. With talks […] The post PSA Group Reaches Deal with General Motors to Purchase Opel appeared first on The Truth About Cars. from The Truth About Cars http://ift.tt/Jh8LjA