EU approves Opel takeover by France's Peugeot PSA

EU approves Opel takeover by France's Peugeot PSA

BRUSSELS: The EU's competition authority on Wednesday (Jul 5) approved the blockbuster takeover of Germany's Opel by France's Peugeot PSA that will create Europe's second-largest car manufacturer after Volkswagen.
GM denies rumors of Opel spin-off

GM denies rumors of Opel spin-off

General Motors has no plans to sell off its German subsidiary Opel AG, the head of the US automaker said Wednesday, squelching media reports that a spin-off is looming.