Maker of Peugeot in Talks With General Motors About Buying Opel -<br />LONDON — PSA Group, the maker of Peugeot and Citroën automobiles, said on Tuesday<br />that it was in discussions about a potential acquisition of the European brands Opel and Vauxhall from General Motors, a deal that would give PSA much greater scale in a region that accounts for a majority of its sales.<br />PSA sold 3.1 million vehicles worldwide last year, up nearly 6 percent from the 2.9 million it sold in 2015.<br />announced an alliance in 2012 to save costs through joint purchases and the building of some vehicles together.<br />“PSA Group confirms that, together with General Motors, it is exploring numerous strategic initiatives aiming at improving its profitability<br />and operational efficiency, including a potential acquisition of Opel/Vauxhall,” the company said in a news release.<br />The acquisition of Opel and the affiliated Vauxhall brand in Britain could bolster<br />PSA’s fortunes in Europe, which accounted for about 61 percent of sales last year.
