General Motors executives said they decided to sell Opelbecause Europe’s changing geo-political and regulatory climate demands more investment at a time when they see a greater need to focus on North America, China and emerging technologies such as autonomous vehicles.
The $2.3 billion deal with PSA Group of France will not only free up GM resources for more lucrative opportunities, but it also will give the automaker a greater ability to return cash to shareholders in a continuing bid to raise its stock price.
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