Deals
PSA Said Close to Finalizing Agreement With GM on Opel Purchase
- Automakers aiming for announcement as soon as early next week
- Discussions said to include the futures for Opel, Chevrolet
PSA CEO Speaks to U.K.'s May, Germany's Merkel About Jobs
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PSA Group is in the final phase of reaching an agreement to buy General Motors Co.’s Opel that could allow for the U.S. automaker to return to Europe later, according to people familiar with the matter.
Both companies are planning to continue negotiations through the weekend with the aim of announcing a deal on Monday, said the people, who asked not to be identified as the plan isn’t public. The complexity of talks could lead to a delay, the people said.