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.

About Joel Helmes 3404 Articles
Joel is the founder and CEO of Behind the Wheel. Joel has a background as a radio broadcaster with on-air roles at 4BC, 4KQ, 2KY, 2LT and 2UE amongst others, as well as a news editor and program director.Joel’s relationship with cars stems back to his early childhood learning to change oil and brakes with his father and uncle. This continued on into his driving years owning an assorted collection of cars.

Be the first to comment

Leave a Reply

Your email address will not be published.


*


UA-105840-15