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Frosty

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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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. 

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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.

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

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