The French owner of the Peugeot and Citroen brands is buying the European wing of General Motors in a 2.2bn euro ($2.33bn) deal.
PSA Group will become the second biggest carmaker in Europe after Volkswagen as it takes on GM's Vauxhall and Opel operations.
PSA says it plans to cut costs to boost profits, leading to fears for jobs, particularly in the UK where Vauxhall employs more than 4000 people.
UK correspondent Bill Overton.
IN: "It's…
OUT: …their jobs."
DUR: 21 seconds
http://www.fsnradionews.com/feeds/0306vauxhall-overton.mp3
PSA Group will become the second biggest carmaker in Europe after Volkswagen as it takes on GM's Vauxhall and Opel operations.
PSA says it plans to cut costs to boost profits, leading to fears for jobs, particularly in the UK where Vauxhall employs more than 4000 people.
UK correspondent Bill Overton.
IN: "It's…
OUT: …their jobs."
DUR: 21 seconds
http://www.fsnradionews.com/feeds/0306vauxhall-overton.mp3