General Motors shareholders might well be dancing in the streets today after news it had finally managed to dump its chronic, perpetual loss maker Opel-Vauxhall on France’s PSA Group.
Opel-Vauxhall has lost about $18 billion this century while promising it will start to make money, but always next year.
PSA agreed Monday to buy Opel-Vauxhall from General Motors in a deal valuing the business at 2.2 billion euros ($2.3 billion).
