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Mar
6th

PSA agrees to buy Opel in $2.3 billion deal, sets recovery goals

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PSA agreed to buy GM's Opel unit for 2.2 billion euros ($2.3 billion). The French automaker vowed to return Opel and its UK-based sister brand, Vauxhall, to profit with an operating margin of 2 percent within three years and 6 percent by 2026.
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