Mergers And Acquisitions

PSA may vow to maintain Opel sites; deal likely by March 9

PSA CEO Carlos Tavares will meet with UK and France government leaders this week to discuss the potential purchase of GM's Opel and Vauxhall brands. To win support for the takeover, PSA will pledge to maintain Opel's independence, honor existing collective labor agreements and continue to invest in all four of its German sites until at least 2020, a report said.

Federal-Mogul shakes up leadership under Icahn takeover

Federal-Mogul Holdings LLC on Thursday named Bradley Norton as the new co-CEO and CEO of the diversified auto parts supplier's motor parts division.

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