Mar 4, 2017
Peugeot 'set to unveil deal to buy GM's Opel on Monday'
PSA's board agreed the deal on Friday, and an official announcement is planned for Monday, said Reuters, citing unnamed sources. Politicians and unions in both Germany and the UK have been lobbying PSA and GM on behalf of their respective workforces. Last week the BBC learned that both PSA and GM were keen to sign a so-called "Statement of intent" before the Geneva Motor Show which starts on 6 March to prevent ongoing speculation overshadowing the release of new models. PSA would become Europe's second-largest carmaker, behind VW, with a 16% share of the European market. Reuters quoted sources as saying that PSA expected to make savings of up to 2 billion euros as a result of the takeover of Opel.
Related companies
Make a complaint about Peugeot by viewing their customer service contacts.
