Deals
GM, PSA Lose European Ground as Carmakers Mull Regional Deal
- Entity would be region’s second-biggest auto manufacturer
- Peugeot-maker can stem ‘billions’ price tag post-rescue
Evercore ISI Analyst Questions Peugeot's Opel Pursuit
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General Motors Co.’s Opel division and French competitor PSA Group lost market share to Fiat Chrysler Automobiles NV in Europe last month, underscoring the competitive pressures facing the carmakers as they consider combining operations in the region.
The GM unit and PSA’s Peugeot, Citroen and DS brands together accounted for 16.4 percent of car sales in January compared with 17.1 percent a year earlier, the European Automobile Manufacturers’ Association, or ACEA, said Thursday in a statement. That would make them the region’s second-biggest auto manufacturer, after Volkswagen AG, if the two were to merge.