Is General Motors In Talks To Its Sell European Operations?

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American car manufacturer General Motors (GM) is in talks to sell the company's European operation, including brands such as Vauxhall and Opel to the PSA Group which owns Citroën, DS and Peugeot, according to reports.

The rumour, which has not been confirmed yet, is at an advanced stage according to Reuters. The PSA Group is to take a majority stake in GM's European brands, Opel and Vauxhall.

Such a deal could result in a significant change in the European automotive industry. General Motors on the other hand, has not made any official confirmation regarding the sale of the two brands.

PSA had earlier said that the company was in touch with GM, and the dealings regarding Opel and Vauxhall was towards possible expansion of current projects, which would lead to production of new vehicles from both manufacturers sharing the same platform.

Another carmakers who is making headlines is Honda, with the launch of the new City, pictured in the image gallery below.

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Read more on: #general motors #auto news
Story first published: Wednesday, February 15, 2017, 10:21 [IST]
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