PSA Group completed its acquisition of General Motors' Opel and Vauxhall brands on Tuesday, as it becomes Europe's second-largest automaker, the company has announced.
PSA Group has received regulatory approval from the Europen Union for its acquisition of Opel and Vauxhall from General Motors.
PSA Group will reveal its first semi-autonomous car this year, and plans to develop Level 3 autonomous vehicles after 2020.
Opel will continue to sell assets in South Africa as the manufacturer transitions from being a subsidiary of General Motors to PSA Group.
Former Opel CEO Karl-Thomas Neumann will be replaced by former Opel CFO Michael Lohscheller.
The light commercial vehicle segment in Latin America is forecast to have a potential of one million vehicle sales per year.
Business owners can use Free2Move Lease to enhance their employees' mobility experience through a wide portfolio of services related to leasing, fleet management, as well as new services such as a connected fleet management service called Free2Move Connect Fleet.
PSA Group has reached an agreement with General Motors to purchase GM’s European operations — which include the Opel and Vauxhall brands, as well as GM Financial’s European operations — for 2.2 billion euros.
The PSA Group and its partner THACO (Truong Haï Auto Corp.) signed an agreement on Feb. 22 to bring to market in Vietnam two new SUVs that will be assembled in THACO’s plant in Chulai in Quang Nam Province.
PSA Group has obtained authorization from the French government to carry out autonomous mode experimentations with non-experts drivers on roads in France, according to the vehicle manufacturer.
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