The big automotive news from Europe has been the takeover of General Motors loss-making Vauxhall/Opel division by the PSA Group. This has made waves throughout the industry and the future for these brands remains to be seen.
General Motors is selling its unprofitable European car business to the French maker of Peugeot, marking the American company's retreat from a major market and raising concerns of job cuts in the region.
Britain's biggest trade union demanded Thursday that the government protect the local unit of General Motors from the impact of leaving the European Union as the company discusses a possible sale to French carmaker PSA Group.
At an investors' conference during Detroit's auto show in January, confident General Motors executives told investors to expect improved pretax profits for 2016 and 2017, thanks to strong sales in key markets and cost cuts.
General Motors plans to invest $1 billion in U.S. factories and add thousands of new white-collar jobs, measures that have been in the works for years but announced Tuesday after criticism from President-elect Donald Trump.