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PSA-Opel union leaves Fiat Chrysler’s Marchionne out in the cold – for now Add to ...

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After a long lull, the auto industry’s merger game is back. On Monday in Paris, France’s PSA Group announced the purchase of Opel, the long-suffering European division of General Motors, for €2.2-billion ($3.2-billion). The takeover reshapes the European car market overnight, thrusting PSA, owner of the Peugeot and Citroen brands, into second spot, behind Volkswagen.

PSA promises Opel turnaround after takeover (Reuters)
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