GM sells Opel/Vauxhall to PSA: is it a win-win?
March 06, 2017 at 10:59 AM EST
This morning, General Motors confirmed that it has sold both its Opel/Vauxhall subsidiary and its European financial arm to Paris-based PSA for a total of €2.2 billion ($2.3 billion). Naturally, GM has pitched this as a win-win for itself and for PSA (formerly known as PSA Peugeot Citroen), but is it? Only time will tell, but on the face of...
This morning, General Motors confirmed that it has sold both its Opel/Vauxhall subsidiary and its European financial arm to Paris-based PSA for a total of €2.2 billion ($2.3 billion). Naturally, GM has pitched this as a win-win for itself and for PSA (formerly known as PSA Peugeot Citroen), but is it? Only time will tell, but on the face of...