PSA Group secured unconditional EU antitrust approval to acquire GM’s Opel

News Hour:

French carmaker PSA Group secured unconditional EU antitrust approval on Wednesday to acquire General Motors’ German unit, Opel, a move which will help it better compete with market leader Volkswagen.

The European Commission said the deal did not pose any competition concerns. PSA, the maker of Peugeot and Citroen cars, has pledged to return Opel and its British Vauxhall brand to profit, reports Reuters.

Avatar

This article has been posted by a News Hour Correspondent. For queries, please contact through [email protected]
No Comments

Translate this News

Join the Facebook Group

Click here to join the Facebook group of News Hour

Popular Posts

Advertisement

News of the Month

Scroll Up
%d bloggers like this: