Peugeot was last seen in the U. S. in 1991, but next decade, the French brand plans to return to American showrooms. On Tuesday, Peugeot parent company PSA Group confirmed it had selected the brand over its Citroen subsidiary to...

PSA Group, the maker of Peugeot and Citroen cars, is doing what General Motors failed to do in 20 years: make the mass market brands Opel Vauxhall profitable.The French company, which bought Opel Vauxhall from GM last year, said Tuesday...

The maker of Peugeot and Citroen cars has finalized its $2.5 billion takeover of General Motors' European brands Opel and Vauxhall, and named new management to chart an attempted turnaround plan.France-based PSA Group said in a statement Tuesday that the...

The European Union on Wednesday approved French automaker PSA's acquisition of Opel and British brand Vauxhall from General Motors.The EU's executive Commission said it has given unconditional approval to the deal. It said it concluded that the transaction

Shareholders of Peugeot's parent company PSA Group have agreed to the financial plans for buying General Motors' European operations, including the Opel and Vauxhall brands.The French carmaker said in a statement that shareholders Wednesday approved the me

By shedding the bulk of its European operations, General Motors is getting rid of a perennial money drain and gaining essential cash that it can use to reward shareholders and invest in future technology such as electric cars and ride-sharing.The..

General Motors is selling its unprofitable European car business to the French maker of Peugeot, marking the American company's retreat from a major market and raising concerns of job cuts in the region.With the 2.2 billion euro ($2.33 billion) deal...

French carmaker PSA Group is expected to announce Monday that it has purchased General Motors' money-losing European car business, according to a person briefed on the matter.The announcement could still be delayed by last-minute snags but is likely to be...