euronews Business's video: Peugeot expects more Opel losses this year - economy

The head of French carmaker PSA Peugeot Citroen has said he expects Opel to continue losing money this year. PSA is buying German based Opel, and the British part of the business Vauxhall, from General Motors. Chief Executive Carlos Tavares told shareholders at PSA's annual general meeting in Paris: "A certain number of good achievements have been made under General Motors' leadership, but we must recognise that the losses are real and probably will be again in 2017." Tavares, who is betting … READ MORE : http://www.euronews.com/2017/05/10/peugeot-expects-more-opel-losses-this-year euronews business brings you latest updates from the world of finance and economy, in-depth analysis, interviews, infographics and more Subscribe for daily dose of business news: http://bit.ly/1pcHCzj Made by euronews, the most watched news channel in Europe.