Peugeot will become European carmaker no. 2

The car-making company Opel will change hands, French PSA Groupe thus becoming the second biggest carmaker in Europe.

PSA Peugeot Citroen in TrnavaPSA Peugeot Citroen in Trnava (Source: SITA)

Opel will not belong to the US automotive concern General Motors anymore, as the company agreed on an acquisition by the French company PSA Groupe, the Sme daily wrote.

PSA Groupe has, among other plants, one in Voderady near the city of Trnava in western Slovakia.

The transaction, amounting to €2.2 billion, was confirmed by both companies on March 6. With such a step, the French carmaker will become the second biggest carmaker in Europe.

The Trnava plant could also profit from this, as Opel Corsa could be produced there in the future. This is a small city model, in which the Slovak plant specialises. Last year, PSA Peugeot Citroën produced 315,000 cars – Peugeot 208, Citroën C3, and Citroën C3 Picasso, although the last is not a small city car.

Get daily Slovak news directly to your inbox

Theme: Automotive

Read more articles by the topic

Top stories

Investors pursued projects and transactions despite the virus

Investors pursued projects and transactions despite the virus. Check out the 2020 investment highlights from Slovakia.

The visualisation of new Istropolis building

Better times ahead for the Calvary in Bratislava

The last preserved station was restored this summer.

The last preserved station of the Stations of the Cross in Bratislava

Why you need to buy a belt

On this Black Friday, with society teetering on the brink of chaos, I ask that we all do our part.

Virtual school and children's well-being

11 tips how to help children thrive during the pandemic.