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PSA finalizes purchase of Opel/Vauxhall from GM

Opel CEO Michael Lohscheller, left, and PSA Group CEO, Carlos Tavares, shake hands in front of an Opel Insignia. (Opel)
ET
By:
Edward Taylor
August 01, 2017 05:00 AM

FRANKFURT -- PSA Group completed its takeover of the Opel and Vauxhall brands from General Motors on Tuesday, installing new managers and helping PSA to become Europe's second-largest carmaker by vehicle sales.

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