General Motors gm announced Monday it will be selling its European division to French carmaker PSA Group peugeot-s-a for $2.33 billion (EUR2.2 billion), reports the BBC. The deal, first reported Friday, will see GM’s European brands Opel and Vauxhall join Peugeot and Citroen under the ownership of the Paris-based PSA, making it Europe’s second-largest automaker…

via General Motors Announces $2.33 Billion Sale of European Arm to Peugeot’s Owner — Fortune

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