Opel and PSA Group look set to merge

Opel and PSA Group look set to merge

Reports say GM’s German car brand and French car maker close to a deal…

There’s another possible merger on in the car world with reports the General Motors owned Euro car brand, Opel, was set to be merged with the French parent company of Peugeot/Citroen, the PSA Group.

Reuters reports tonight that separate sources have confirmed a deal is almost done, and that an announcement on the merger could be announced within days.

It’s believed PSA will purchase Opel from GM, though this is yet to be confirmed.

GM and PSA are already close allies and share production of some SUVs and minivans, a relic of GM’s previous stake in the French car maker.

PSA spokesman Bertrand Blaise confirmed that the company was in talks with GM to deepen their partnership.

“We are in discussions with Opel to expand upon our existing projects,”

Spokespeople for Opel and the French government, which holds 14% of PSA, had no immediate comment.

The possible deal could have implications for Holden as the Australian brand increasingly looks to Opel for models for our local market.

We will keep you updated with further news as it comes to hand.

Be the first to comment

Leave a Reply

Your email address will not be published.