The chairman of French carmaker PSA Group wants to create a European car champion with the purchase of General Motors' European car business and pledged to work with governments and unions worried over job cuts.After reporting a near-doubling in 2016...

By shedding the bulk of its European operations, General Motors is getting rid of a perennial money drain and gaining essential cash that it can use to reward shareholders and invest in future technology such as electric cars and ride-sharing.The..

General Motors is selling its unprofitable European car business to the French maker of Peugeot, marking the American company's retreat from a major market and raising concerns of job cuts in the region.With the 2.2 billion euro ($2.33 billion) deal...

Shareholders of Peugeot's parent company PSA Group have agreed to the financial plans for buying General Motors' European operations, including the Opel and Vauxhall brands.The French carmaker said in a statement that shareholders Wednesday approved the me

PSA Group, the maker of Peugeot and Citroen cars, is doing what General Motors failed to do in 20 years: make the mass market brands Opel Vauxhall profitable.The French company, which bought Opel Vauxhall from GM last year, said Tuesday...

The maker of Peugeot and Citroen cars has finalized its $2.5 billion takeover of General Motors' European brands Opel and Vauxhall, and named new management to chart an attempted turnaround plan.France-based PSA Group said in a statement Tuesday that the...

France's PSA Group, maker of Peugeot and Citroen cars, says it's exploring a takeover of Opel, General Motors' money-losing European business.Cutting Opel loose could mean a solution to GM's long-running drama over losses in Europe but the Detroit automak...

German politicians are expressing concern about a possible takeover of General Motors' Opel division by France's PSA Group, maker of Peugeot and Citroen cars.Chancellor Angela Merkel's Cabinet discussed the possible consequences for German workers Wednesda