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In an official statement, PSA Group said ""General Motors and PSA Group regularly examine additional expansion and cooperation possibilities""�.


The group also confirmed that ""together with General Motors, it is exploring numerous strategic initiatives aiming at improving its profitability and operational efficiency, including a potential acquisition of Opel / Vauxhall""�.


However, PSA also made it clear that ""there can be no assurance that an agreement will be reached.""�


Vauxhall's UK factories are thought to be at risk of closure though:http://www.autoexpress.co.uk/vauxhall/98596/vauxhall-takeover-psa-confirms-no-plant-closures-in-germany-but-what-about-the-uk
 

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In my humble opinion, this doesn't look so bad when you really think about the potential synergies. The real thing that bothers me is that, ultimately, there could be lots of duplicated jobs that might end up with factory closures.
 
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