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BUSINESS: PSA to buy GM’s European brands infographic

© GRAPHIC NEWS

© GRAPHIC NEWS

© GRAPHIC NEWS

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PSA to buy GM’s European brands

03/06/2017
Graphic News

March 6, 2017 -- French car maker PSA, owners of Peugeot and Citroën, has agreed to buy General Motors’ lossmaking Opel division in a deal valued at €2.2 billion, creating Europe’s second-largest carmaker after Volkswagen.

PSA sold 1.47 million light vehicles in Europe last year accounting for 9.2% of the market, a distant third to VW at 3.56 million registrations and more than 22% of industry sales, according to ACEA data. Renault-Nissan was No.2 at 1.51 million units and a 9.4% share.

Link to ACEA report

The PSA-Opel consolidation would net annual sales approaching 2.5 million units and more than 15% of the market, an overnight gain that puts it fast on the heels of VW and gives PSA greater access to the most profitable markets of Germany and the UK.


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