Maker of Peugeot in Talks With General Motors About Buying Opel -
LONDON — PSA Group, the maker of Peugeot and Citroën automobiles, said on Tuesday
that it was in discussions about a potential acquisition of the European brands Opel and Vauxhall from General Motors, a deal that would give PSA much greater scale in a region that accounts for a majority of its sales.
PSA sold 3.1 million vehicles worldwide last year, up nearly 6 percent from the 2.9 million it sold in 2015.
announced an alliance in 2012 to save costs through joint purchases and the building of some vehicles together.
“PSA Group confirms that, together with General Motors, it is exploring numerous strategic initiatives aiming at improving its profitability
and operational efficiency, including a potential acquisition of Opel/Vauxhall,” the company said in a news release.
The acquisition of Opel and the affiliated Vauxhall brand in Britain could bolster
PSA’s fortunes in Europe, which accounted for about 61 percent of sales last year.