Following Ambassador, Peugeot set to acquire Opel, Vauxhall
Though the companies haven't reached an agreement as of yet, Detroit Free Press quoted PSA Group spokesman Pierre-Olivier Salmon as stating, "The discussions are going very well; I think everyone wants to reach an agreement."
However, Salmon added, "So far they have not achieved a conclusion."
If a deal is reached, the acquisition of Opel will likely vault the French manufactures to the second place in Europe, next only to Volkswagen.
Experts have projected a 16 percent market share in Europe for the PSA Group (which comprises of Peugeot and Citroen brands) following the deal.
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