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Following Ambassador, Peugeot set to acquire Opel, Vauxhall

| | Mar 04, 2017, at 07:42 pm
# Peugeot # GeneralMotors # Opel # Vauxhall # Ambassador
Mumbai, Mar 4 (IBNS): Following the acquisition of Ambassador from Indian car manufacturer Hindustan Motors, Peugeot is set to expand its range by entering a deal with General Motors for its Opel and Vauxhall brands, media reports said.

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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