Opel/Vauxhall to join PSA Group

[GM Media News]

Detroit and Paris, 6 March 2017 – General Motors Co. (NYSE:GM) and PSA Group (Paris:UG) today announced an agreement under which GM’s Opel/Vauxhall subsidiary and GM Financial’s European operations will join the PSA Group in a transaction valuing these activities at €1.3 Bn and €0.9 Bn, respectively...

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[milo]

Bad day for vauxhall

 

[KevinH]

Absolutely, looks like GM have eventually sold off Vauxhall/Opel,which they have been looking to do for a while so that they can concentrate on the North American market.
I envisage that eventually the Luton and Ellesmere Port production sites will go along with redundancies, as PSA Peugeot Citroen will almost certainly want production based in mainland Europe, and with 'Brexit' imminent things are looking rather bleak for Vauxhall.