moparnut
Administrator
General Motors has agreed to “sell”Opel/Vauxhall to PSA Group (Peugeot). PSA’s payment for the division is less than GM’s pre-funding of pension obligations, so GM’s sale of the money-losing operationcould be said to be a gift.
GM had been losing money on Opel and Vauxhall for years, largely because of their small market share in Europe. It also increased the cost of engineering and building cars in the US,
Read the full story: FCA+GM more likely now? »
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GM had been losing money on Opel and Vauxhall for years, largely because of their small market share in Europe. It also increased the cost of engineering and building cars in the US,
Read the full story: FCA+GM more likely now? »
More...