There has been a lot of speculation in the news, in the past days, about the PSA Group buying Vauxhall and Opel. The PSA Group currently owns Peugeot, Citroen and DS.
We Blog Any Car have the details of the statement issued by both parties…..
Since 2012, General Motors and PSA Group have been implementing an alliance covering, to date, three projects in Europe and generating substantial synergies for the two groups. Within this framework, General Motors and PSA Group regularly examine additional expansion and cooperation possibilities, as well. PSA Group and General Motors confirm they are exploring numerous strategic initiatives aiming at improving profitability and operational efficiency, including a potential acquisition of Opel Vauxhall by PSA.
There can be no assurance that an agreement will be reached.
Obviously If there was a deal that the PSA group were to buy Vauxhall and Opel, it would be a major game changer.
We Blog Any Car will keep a close eye on it.
News blog by Lavon.
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