GM CEO backs Peugeot/Citroen take-over of Opel/Vauxhall

GM CEO backs Peugeot/Citroen take-over of Opel/Vauxhall

Mary Barra reportedly tells workers deal would be good news…

We are awaiting news of a deal being done with General Motors and the PSA Group currently locked in negotiations over the Opel, and possibly Vauxhall car brands.

In a sign that the possible takeover/acquisition of the German and English car brands by the French auto giants, owners of Peugeot/Citroen, the General Motors CEO, Mary Barra, has reportedly put her weight behind the move.

Reuters says Barra told employees in a memo that combining the Opel/Vauxhall business with PSA Group would be beneficial.

“While there can be no assurance of any agreement, any possible transaction would enable PSA Groupe and Opel/Vauxhall to leverage their complementary strengths, enhancing their competitive positions for the future in a rapidly changing European market.”

While she also urged the workers not to let speculation about Opel’s fate distract the car manufacturer from carrying out its business.

GM CEO backs Peugeot/Citroen take-over of Opel/Vauxhall
The famous Vauxhall name might also come under French control.

We will keep you updated and bring you more news on the possible merger/acquisition, as it comes to hand.

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