General Motors has seven car brands. Volkswagen Group has ten. With the planned merger of Fiat Chrysler Automobiles and Groupe PSA, the two companies will have them beat with a combined stable of thirteen brands.
And according to PSA CEO Carlos Tavares, there are no plans to get rid of any of them.
PSA board approves Opel takeover, announcement due Monday - UPDATE
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UPDATE: It is now official, Opel has been sold to PSA Group. Story here.
French automotive giant PSA Group is on the brink of completing a deal to buy General Motors' Opel and Vauxhall divisions, according to a report out of Europe over the weekend. More, the companies are now expect to announce details at 9:15am, Monday morning, in Europe - 7:15pm tonight, Australian time.
