The French group agreed to buy Opel

Французский концерн согласовал покупку Opel

Officially, the deal could be announced as early as Monday, March 6.

The Supervisory Board of French carmaker PSA Groupe approved the acquisition of German carmaker Opel and its British sister company Vauxhall, owned by American company General Motors.

Officially, the deal could be announced as early as Monday, March 6, but while the representatives of PSA and Opel declined to comment.

Buying Opel will allow Groupe PSA, which produces Peugeot and Citroën, again to become the second largest car manufacturer in Europe after Volkswagen, said the Agency AFP. Now the second position is different from France carmaker, Renault. About the negotiations between PSA and General Motors became known in mid-December.

The European business of General Motors in 2000 brought the company losses in the amount of about 14 billion euros. Last year again became unprofitable for Opel and Vauxhall – negative balance firms amounted to 240 million euros.

As reported Корреспондент.netin February, Opel showed its biggest station wagon of the new generation Insignia Sports Tourer, the presentation of which is expected in March at the Geneva motor show.

Source: Russian service Deutshe Welle

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