PSA Group

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75, Avenue de la Grande Armée
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PSA Group acquires Opel and Vauxhall in £1.9bn deal

PSA Group acquires Opel and Vauxhall in £1.9bn deal
PSA Group, the French company that owns Peugeot and Citroën, has acquired Opel and Vauxhall as part of a €2.2bn (£1.9bn) deal to buy General Motors’ European unit. In a statement published today, PSA claim that thanks to the addition of these two manufacturers, which generated revenue of €17.7bn (£15.3bn) in 2016, it will become the second-largest automotive company in Europe, with a 17% market share.
6th March 2017


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