Cookies on the Business Insider India website

Business Insider India has updated its Privacy and Cookie policy. We use cookies to ensure that we give you the better experience on our website. If you continue without changing your settings, we\'ll assume that you are happy to receive all cookies on the Business Insider India website. However, you can change your cookie setting at any time by clicking on our Cookie Policy at any time. You can also see our Privacy Policy.

General Motors is gaining amid reported talks to sell its European business

Tina WadhwaFeb 14, 2017, 20:47 IST

General Motors is up 3.41% at $36.73 a share on Tuesday morning as the carmarker is reportedly in talks to sell its European business.

GM's European division consists of the Opel and Vauxhall brands and has been part of the carmaker since before World War II.

According to Melissa Burden of Detroit News, PSA Group, the French maker of Peugeot and Citroen cars, said on Tuesday that it is exploring an acquisition of General Motor's European businesses, though there was "no assurance that an agreement will be reached."

GM is seeking a multi-billion dollar amount for Opel, according to Bloomberg.

Markets Insider

NOW WATCH: People with these personality traits have more and better sex

Please enable Javascript to watch this video