NEW YORK: The move by US auto giant General Motors to offload money-losing European brand Opel marks its latest effort to focus on more profitable markets and autonomous driving technology.
The largest US automaker announced March 6 the sale of European brands Opel and Vauxhall to French automaker PSA for €1.3bil (RM6.12bil), pulling away from a region that has produced 16 years of losses totalling US$15bil (RM66.78bil).
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