PSA Group, the parent company of Peugeot and Citroën, said on Saturday that it would hold a joint news conference with G.M. The two companies said last month that they were in talks for PSA to acquire Opel, G.M.’s European unit. Advertisement Continue reading the main storyThe biggest beneficiary of the deal may be G.M. Advertisement Continue reading the main storyBut the deal collapsed, and since then, G.M. “It was precisely this dependence that led PSA into crisis.”Advertisement Continue reading the main storyThe European market has been in long-term decline.

Source: New York Times March 04, 2017 15:00 UTC