Search Results for ‘gm europe’

In a quiet note at the beginning of August, General Motors and PSA Groupe have officially announced the sale of Opel and Vauxhall has been finalized. After months of haggling over future development contracts, headcounts, and pension obligations, both sides finally get what they want: for GM...

The latest in the leaky saga of PSA purchasing Opel from General Motors. After dealing with the hurdles of layoffs and labor unions, the PSA-Opel deal stumbles into it's latest problem: patents and pensions. It was believed the deal was all but done, however, according to the Germans at Der...

Peugeot Citroën's planned purchase of Opel and its operations from General Motors is believed to be largely a done deal, with only minor details remaining. According to Bild the details will be announced on the first of March; it's thought both GM and PSA want to sign the papers before the...

Multiple media sources are reporting that an acquisition of General Motors' European divisions by France's PSA Group could occur within a matter of days. Talks between GM and PSA, maker of the Peugeot, Citroën and DS brands, are reportedly at an "advanced stage." If finalized, the deal would...

Earlier today the General announced a Q2 net income increase of $2.9 billion, up 157 percent compared to $1.1 billion this time last year. "This was an outstanding quarter for GM," CEO Mary Barra said in a statement. "We'll continue to focus on driving profitable growth and leveraging our...