February 14, 2017 / 11:58 AM / 5 months ago

PSA in talks to buy Opel from GM, company confirms

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PARIS, Feb 14 (Reuters) - PSA Group is discussing a potential acquisition of rival European carmaker Opel from General Motors, a spokesman for the French manufacturer said on Tuesday.

"PSA confirms that it is exploring a number of strategic initiatives with GM with the aim of increasing its profitability and operating efficiency, including a potential acquisition of Opel," company spokesman Bertrand Blaise said.

Sources earlier told Reuters that GM and PSA, owner of brands including Peugeot, were in advanced discussions to combine the Paris-based carmaker with Opel. (Reporting by Laurence Frost)

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