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General Motors could exit Europe with $1 billion Opel sale to Peugeot

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This would be huge if GM decides to exit the European market entirely! While Vauxhall is still around, most models are re-badged/re-engineered Opels with left-hand drive. Holden is all but gone as well. Perhaps GM is considering becoming a North American and Asia only car company? South and Central American operations are still money losers too.

http://www.cnbc.com/2017/02/15/general-motors-could-exit-europe-with-1-billion-opel-sale-to-peugeot-analyst.html

After making billions of dollars in losses since the start of the century, General Motors may be ready to off load Opel to French automaker PSA Group for about $1 billion, according to analysts at Evercore ISI......

Edited by Frosty

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  • Founders

Absolutely crazy! I like a lot of what Opel/Vauxhaul does. Though come to think of it a lot of their cars are just rebadges. 

  • Author

In some respects, I can't blame GM. I mean how many decades have they been losing money in Europe? At some point, you have to fish or cut bait.

Well, cut bait or stop selling automobile shaped garbage and get back to selling quality vehicles.

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