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Opel restructuring no simple repeat for PSA

PSA successfully harnessed Chrysler Europe's operations back in the late 1970s - can it work its magic again with GM Europe? By Megan Lampinen

General Motors and PSA Group sparked a flurry of speculation when they confirmed talks regarding a sale of Opel. After years of losses, it looks like GM may be ready to hand over its troubled European unit to someone else. PSA's Chief Executive Carlos Tavares has made considerable progress on the company's own turnaround but is he ready to take on the troubles of GME?

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