In accordance with the sale, which was first announced in March, PSA paid $1.53 billion for the Opel and Vauxhall brands and $1.06 billion for the European division of the GM Financial lending unit.

5 Mar 2017 The parent of Peugeot and Citroen - PSA Group - will become the new owners of the Vauxhall and Opel brands following a takeover of General 

GM battle. However, this has the same feeling to me as if my candidate for President won by default because their opponent committed suicide. 2017-03-06 2017-11-10 PSA believes GM misrepresented Opel's CO2 challenges and emissions trajectory during negotiations and due diligence prior to the March acquisition deal and its formal closing on July 31. General Motors Sells Opel, Vauxhall to PSA for $2.3 Billion. The sale of Opel seals General Motors' exit from Europe. The production facility of car maker Opel in Ruesselsheim, Germany.

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2017-03-06 · At the same time, GM said it will have to take a primarily non-cash special charge of $4 billion to $4.5 billion in connection with the sale. GM said it will pay PSA 3 billion euros ($3.18 billion In accordance with the sale, which was first announced in March, PSA paid $1.53 billion for the Opel and Vauxhall brands and $1.06 billion for the European division of the GM Financial lending unit. General Motors has officially closed the sale of Opel and Vauxhall to PSA Groupe in a $2.6 billion deal. Sale of Opel/Vauxhall to PSA Group for ~$2.2B Builds on success of prior alliance Collaboration between GM and PSA Group to continue Allows GM to focus resources on higher-return opportunities Accelerates returns to owners General Motors is selling Opel, its European division, to the PSA Group. The automakers announced the sale on Monday. The deal will total $2.3 billion (2.2 billion euros) and consist of GM's sales Holden has released a statement on the sale of Opel and Vauxhall from General Motors to PSA Group, stating it will not affect Commodore and Astra.

5 Mar 2017 The parent of Peugeot and Citroen - PSA Group - will become the new owners of the Vauxhall and Opel brands following a takeover of General 

Michael Cantu Words. Feb 18, 2017.

15 Feb 2017 General Motors (GM) is in talks to sell the company's European operation, including brands such as Vauxhall and Opel to the PSA Group.

GM said it will pay PSA 3 billion euros ($3.18 billion Stefan Ogbac Words. Aug 1, 2017. General Motors has officially completed the sale of its Opel division to France's PSA Group, effectively shedding GM's European division. 2017-03-06 · At the same time, GM said it will have to take a primarily non-cash special charge of $4 billion to $4.5 billion in connection with the sale. GM said it will pay PSA 3 billion euros ($3.18 billion In accordance with the sale, which was first announced in March, PSA paid $1.53 billion for the Opel and Vauxhall brands and $1.06 billion for the European division of the GM Financial lending unit. General Motors has officially closed the sale of Opel and Vauxhall to PSA Groupe in a $2.6 billion deal.

This morning, General Motors confirmed that it has sold both its Opel/Vauxhall subsidiary and its European financial arm to Paris-based PSA for a total of €2.2 billion ($2.3 billion).
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GM … Moving faster than many expected, GM has completed the sale of its money-losing European operations to PSA Group, the French automaker’s chairman hailing “the birth of a true European champion today.” GM becomes a smaller company and PSA now has to figure out how to reverse 18 years of losses -- but ties between the companies will continue for years, reports TheDetroitBureau.com. 2017-03-06 Following its bankruptcy late last decade, GM came close to selling Opel, which it has owned since 1931.Instead, the automaker in 2012 started collaborating with PSA on a number of projects and at About Press Copyright Contact us Creators Advertise Developers Terms Privacy Policy & Safety How YouTube works Test new features Press Copyright Contact us Creators According to GM, the sale to PSA Group was a natural progression of their previous alliance. “We are very pleased that together, GM, our valued colleagues at Opel/Vauxhall and PSA have created a GM will receive €1.32 billion ($1.4 billion as of March 2017) for Opel in the form of €650 million ($689 million) in cash and €670 million ($710 million) in PSA share warrants. DETROIT, Aug. 1, 2017 /PRNewswire/ -- General Motors Co. (NYSE: GM) and Groupe PSA (Paris: UG) today announced the close of the sale of GM's Opel/Vauxhall business to the Groupe PSA.. The sale represents a win for all stakeholders and is the latest and most significant in a series of actions GM has taken to strengthen its global enterprise and position itself for the future, while immediately 2017-02-14 2017-03-06 The sale of Opel to PSA Group won’t affect GM’s Buick division too much as the German automaker will continue to produce cars for General Motors, despite no longer being part of the company.

Men fransmännen ser fram emot att göra Opel till en vinstinbringande biltillverkare igen. GM will receive €1.32 billion ($1.4 billion as of March 2017) for Opel in the form of €650 million ($689 million) in cash and €670 million ($710 million) in PSA share warrants.
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PSA and GM have announced the completion of the planned sale of Opel Automobile GmbH with its brands Opel and Vauxhall by General Motors to Groupe PSA. PSA has also announced senior management

PSA, which makes Peugeot, Citroen and DS-brand cars, is buying both GM’s Opel and its U.K.-based Vauxhall operations for a seemingly bargain $2.2 billion. Daniel Roland/Stringer/Getty Images General Motors is selling Opel, its European division, to the PSA Group. The automakers announced the sale on Monday.