Peugeot Citroen Group announced the closing of the deal to acquire General Motors' Opel and Vauxhall divisions (a sub-brand for certain markets).
Thanks to the addition of new brands, PSA moves to the second position among European automakers, controlling 17% of the market based on the results of the first six months of 2017.
Starting today, the Opel team begins work on a strategic plan that should restore the company's financial stability. It is expected that joint work will bring a synergistic effect of 1.7 billion euros annually in the medium term.
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