French car manufacturer Peugeot is celebrating after its 3008 model was named the European Car of the Year.
The SUV was unveiled as the winner on the very same day it was announced PSA Peugeot Citroen was to take over Opel-Vauxhall from General Motors.
Peugeot’s Group CEO Jean-Philippe Imparato told reporters at the Geneva Motor Show: “For us it is a new brand in the group’s portfolio. It is new colleagues and we will go together to hunt for new markets. It is very good news for us.”
PSA leapfrogs French rival Renault to become Europe’s second-ranked carmaker by sales, after Volkswagen.
The 2.2 billion euro deal means GM sheds a division that has posted around 20 billion euros in losses in the last 17 years.
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