GM selling its European business in $2.3 billion deal

After years of losses and in the wake of Brexit, General Motors has sold its European arm which included Opel and Vauxhaull to French automaker PSA for $2.3 billion. This deal makes PSA the second largest European automaker behind Volkswagen.

[MrSparklespring]

PSA made Opel profitable in one and a half year! (end of 2018) while GM couldn't do that for years! This proofs that americans have no feeling whatsoever with the european carmarket. I see the same happening with Ford Europe, sad but true.

[antondeolifant]

GM manager: We finally sold opel.
GM engine department worker: You idiot, where do you think we get our engines and transmissions from?
GM manager: sh*t i forgot about that

[visteobman]

PSA Opel should open an Assembly Plant in the United States and reenter this Market.

[minorearthmajorsky]

I wonder what Karl Neumann has to say about this...

[bubbleman]

What is the direct and long term impact of Brexit have on GM Opel(Germany based company) and Vauxhall(British based company) and not other manufacturers.

[fifafcleague]

Now they sold Opel and vouxhall to PSA now they make Opel save and fix all there airbags that GM did to there cars and take care GM cars like Chevy and Cadillac and GMC and Buick and more can have problems with deploying airbags

[maheshsri]

It's not correct.If u just work hard for 2 years then Opel can start independently.but u made deal.what happens can

[visteobman]

PSA Opel should open an Assembly Plant in the United States and reenter this Market.