GM Considers Withdrawal From EU, Sale Of Opel To Peugeot, Reports Say

General Motors is in advanced talks to sell its European Opel subsidiary to France’s PSA Peugeot Citroen, Handelsblatt confirmed after Reuters broke the story. A Peugeot spokesperson told Handelsblatt that the two are in discussions “over the purchase of Opel.” A deal “could be announced within days,” sources told Reuters. The Opel business includes the Vauxhall brand.

More in Forbes.