Groupe PSA Officially Completes Opel and Vauxhall Purchase From General Motors

The acquisition of Opel and Vauxhall by Groupe PSA has officially taken place this week, with previous owner General Motors finalising the deal with the French automaker.

With the deal now completed Groupe PSA moves up to the position of Europe’s second-largest automaker by sales with a combined 17 percent market share across Europe for its new additions plus existing Citroen, Peugeot, and DS Automibiles brands.

Having first announced the deal in March the closure comes in a surprisingly short amount of time, with General Motors having a reputation for lengthy negotiations, particularly in regards to intellectual property, which has seen delays in the handover of the Saab brand or the outright closure of other former GM divisions including Saturn, Hummer and Pontiac for whom terms of sale could not be agreed upon.

Vauxhall