I am a bit bewildered as to what PSA saw in Opel as worth spending 2 billion dollars.
I suppose there is some value to just eliminating competition, but once the blood was in the water, they could have waited a bit longer, and GM might have just shut it down- it has been losing money for 25 years.
GM is actually paying PSA over 3 billion to cover pension costs- along with writing off something like 4 billion more- meaning, on GM's books, this is a 7 billion plus loss.
There is some value in the brand name, I suppose.
I dont think there is much in terms of tech PSA wants- the current Peugot/Citroen cars are pretty modern, and they already have factories and markets pretty much around the world except the USA, which, after all, is only 4% of the world market.
Opel factories are no great prize, I think PSA is getting around 11, including some in Russian and Poland. The german factories are probably the most modern.
I do know that PSA has been doing some joint cars with Opel- might be that getting full control of them is worth it, considering GM is paying them back, today, the cost of the purchase price, and they dont have to pay the pensions lump sum now, but, in the future, in, hopefully, depreciated Euros due to inflation.
So it might just be that its basically a free deal if they structure it right, and manage to lay off some of the pension obligations on national governments as they shut down excess capacity.