GM Chairman and CEO Mary Barra told analysts that the sale may not be GM's last. Britain's vote to leave the European Union, which caused a plunge in the pound, weighed on the decision, Barra said. PSA will join with French bank BNP Paribas to run GM's European financial business. GM and PSA will continue to collaborate on electric car technologies and maintain existing supply agreements on some Buick models. Opel and Vauxhall last year sold just under 1.2 million vehicles, amounting to only 5.6 percent of the market, according to GM.

Source: ABC News March 06, 2017 06:37 UTC