CarsBridge

Following the recent Peugeot Opel Merger, there has been fears of job loss if the owners decides to close some of the General Motors operated car plants. However, when Carlos Tavares, the chief executive officer (CEO) of Peugeot parent PSA group was asked whether his plan would involve job cuts, the CEO said it was not… (0 comment)

According to Reuters, the PSA Group (Peugeot and Citroën) approved a deal where General Motors agreed to sell its Opel and Vauxhall brands to the PSA Group. The French company struck a 2.2bn euro (£1.9bn) deal to buy General Motors’ European unit, including Vauxhall. GM Europe has not made a profit since 1999 and the deal… (0 comment)