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GM, PSA Group make progress toward Opel deal

General Motors and PSA Group are edging closer to a deal that could vault the French automaker into second place among automakers in Europe.

The two automakers revealed last month that they are in discussions for a potential partnership or a sale of Opel, GM's European arm, to PSA Group. Now, the two sides are planning to work through the weekend as they continue to try to hammer out some kind of an agreement.

"The discussions are going very well; I think everyone wants to reach an a

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