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It's set.

http://news.sky.com/story/vauxhall-and-opel-sold-to-peugeots-owner-psa-in-16319bn-deal-10792259

That deal removes GM presence in Europe.

Now some questions regarding to this..

1) What will happen to Opel OnStar? Will GM continue to operate it or does it get changed to something else?
2) What will happen to Ampera and Ampera-e? Will Ampera-e be axed? Will the technology be transferred to PSA in the deal? Will it be a cross-license or something else?
3) Do we see introduction of new electric vehicles due to this deal in future?
4) Will GM jump back to Europe with Chevrolet? The reason for leaving was to help Opel sales.

Questions.. so many questions.
 

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I read GM will be back as GM. Makes sense. Ford is Ford, GM should be GM.
 

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Here is the GM press release:
http://media.gm.com/media/us/en/gm/...s/news/us/en/2017/mar/0306-opel-vauxhall.html

Here are some quotes that I thought stand out:
GM will also participate in the future success of the combined entity through its ownership of warrants to purchase shares of PSA. GM and PSA also expect to collaborate in the further deployment of electrification technologies and existing supply agreements for Holden and certain Buick models will continue, and PSA may potentially source long-term supply of fuel cell systems from the GM/Honda joint venture.

The transaction value for PSA, including Opel/Vauxhall and 50% of GM Financial’s European operations, will be €1.8 Bn.

In connection with this transaction, GM or its affiliates will subscribe warrants for €0.65 Bn. These warrants have a nine-year maturity and are exercisable at any time in whole or in part commencing 5 years after the issue date, with a strike price of €1. Based on a reference price of €17.34 for the PSA share , the warrants correspond to 39.7 MM shares of PSA, or 4.2% of its fully diluted share capital6. GM will not have governance or voting rights with respect to PSA and has agreed to sell the PSA shares received upon exercise of the warrants within 35 days after exercise.

The transaction includes all of Opel/Vauxhall’s automotive operations, comprising Opel and Vauxhall brands, six assembly and five component-manufacturing facilities, one engineering center (Rüsselsheim) and approximately 40,000 employees. GM will retain the engineering center in Torino, Italy.

Opel/Vauxhall will also continue to benefit from intellectual property licenses from GM until its vehicles progressively convert to PSA platforms over the coming years.
As for the ops questions:
1) Don't know
2) Appears the Ampera-e will continue forward with possible collaboration on other future electric vehicles.
3) See my response in 2)
4) Don't know but GM does have a currently very small presence in Europe outside of Opel/Vauxhall with Cadillac.

GM is keeping a 50% stake in it's European financing arm (which might be leveraged for future GM presence in Europe). They are also retaining their engineering center in Torino, Italy which is where GM develops their small diesel engines.

GM retains options to purchase up to 4.2% of PSA.
 
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