Opel sold to Peugeot in €2.2bn deal, SA effect still unknown

General Motors (GM) and Peugeot-Citroen (PSA) has announced the sale of GM’s Opel/Vauxhall subsidiary and GM Financial’s European operations to the PSA group, in a transaction valued at €1.3-billion and €0.9-billion, respectively. With the addition of Opel/Vauxhall, which generated revenue of €17.7-billion in 2016, PSA will become the second-largest automotive company in Europe, with a 17% market share.