General Motors: It's Really Happening?

Keep calm General Motors CEO Mary Barra flew to Germany on Wednesday to calm feathers ruffled by the proposed sale of the US company’s Opel marque to PSA which makes Peugeots and Citroëns

GM's Opel selloff sparks new FCA merger rumors

Rumors of a Fiat Chrysler-General Motors merger have resurfaced following GM's announcement that it's trying to sell its Opel and Vauxhall divisions to France's PSA Group. "We will continue to be in close contact with GM and PSA in the days and weeks ahead".

Vauxhall operates the Ellesmere Port auto plant where about 2,500 workers are employed, producing 120,000 Astras a...

Unions and employee representatives of German carmaker Opel said Friday they are ready to play a "constructive" role in negotiations over a possible takeover by French carmaker PSA Peugeot Citroen.

However, Mr Clark struck a more positive note, saying the GM talks had been "constructive".

GM also recently warned that it is likely to take a $300m hit from Brexit-related losses for 2017, and said it had suffered a similar impact in 2016, mainly because of sterling's drop in value against the dollar.

It would have a 16% share of the market and see Vauxhall and Opel shift to the French government-backed automotive giant.

Vauxhall has said a further 23,000 people work in its United Kingdom showrooms and 7,000 in its United Kingdom supply chain.

McCluskey said the United Kingdom government should demand that it took partin any future talks between with the French and German governments and PSA and GM.

GM said past year that it had to raise United Kingdom vehicle prices by 2.5% after the plunge in the value of the pound after the European Union referendum result caused the British auto industry to hit a "speed bump".

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