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PSA's acquisition of Opel will end GM's nearly 90 years of ownership that grew more turbulent and acrimonious as time wore on.
PSA's rationale for acquiring GM's chronic money loser, Opel, has many industry watchers puzzled but it has potential benefits for both sides, analysts and experts say.
Carlos Tavares, the energetic executive who plans to fold General Motors' European operations into France's PSA Group, is a modest man despite his high ambitions.
The first cars shared between PSA and GM's Opel unit will be among the debuts at this week's Geneva auto show. Other premiers include Renault's Alpine sports car, Range Rover's Velar SUV and Porsche's first station wagon.
GM and PSA will hold a press conference on Monday, with the subject expected to be PSA's acquisition of GM's European operations. Both companies are finalizing details of the deal for PSA to buy GM's Opel unit over the weekend, reports said.
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1 Oct, 2018
Four-door Mercedes-AMG GT 63 will cost from £121,350, with first deliveries expected in the spring
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1 Feb, 2019
Ford announces voluntary redundancy scheme at its engine plant in South Wales with 400 job losses
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7 Mar, 2017
Renault Captur small crossover gets visual tweaks to match the rest of the range
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Infiniti's Q60 Project Black S concept showcases technical collaboration between the brand and the Renault Formula 1 team
Features
31 Mar, 2017
With regulators plotting against diesel cars, we examine the facts behind diesel's fall from grace and ask what's the future holds
Volkswagen has paid $2.9 billion to repurchase nearly 138,000 U.S. diesel vehicles through Feb. 18 under a sweeping settlement over emissions violations.
FCA has received subpoenas from U.S. federal and state authorities, including the Securities and Exchange Commission, related to alleged excess diesel emissions by some of its vehicles.
Automakers have been replacing traditional gear shifts with buttons, knobs and wheels to spruce up vehicle interiors -- but that is confusing motorists and diminishing safety, Consumer Reports says.
GM CEO Mary Barra said the automaker is exploring opportunities with French automaker PSA Group, but declined to discuss a potential sale of its money-losing European Opel unit.
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