Powered by

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

Sign up for unrestricted access to 200+ subscription services.
Already have an account? Click here to login.

RelSci News & Alerts gets you:

  • 5 free articles a month from top subscription outlets like the Financial Times, New York Times, and Washington Post
  • Competitive business intelligence through daily data updates
  • Custom feeds on target high-value individuals, companies, industries, and topics delivered straight to your inbox