French PSA braces to create a European car manufacturing behemoth

ANDY RAIN

A Bonham's staff with a 1914 'Prince Henry' Sports Torpedo at Bonham's auction house in central London, Britain, 02 December 2016. The 1914 Vauxhall 25hp Prince Henry was the world's first sports car. Designed by Vauxhall designer Laurence Pomeroy Prince Henry's are extremely rare. The vehicle is expected to fetch 600,000- 700,000 euros at auction in London.

While General Motors is making its way out of Europe


The French PSA car manufacturing group has entered negotiations with General Motors for the takeover of Germany’s Opel and Britain’s Vauxhall.
Iconic brands for a French champion
Opel is owned by the American manufacturer General Motors (GM) since 1928; Vauxhall was acquired by GM in 1925. Both companies are iconic to the industrial heritage of Germany and Britain. Opel started making cars in 1899 and Vauxhall in 1903. Vauxhall was the producer of the first sports car in the world.

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