A european car colossus in the making. Frances Peugeot Citroen is poised to buy General Motors european business, including the opel and vauxhall brands. Chinas premier cuts the Economic Growth target for this year. We look at the risks to the worlds second largest economy. Welcome to World Business report, im sally bundock. Also in the programme Deutsche Bank plans to raise billions of euros in a share sale. Details in a moment. General motors is set to announce a deal to sell opel and vauxhall to psa group, the French Company that owns peugeot and citroen. Both companies are hosting a Press Conference in paris later this morning. Buying gms Loss Making European Operations will make psa the continents second biggest car maker, after volkswagen and ahead of french rival renault, and it will be a giant. Last year psa and gm europe sold a combined a5 million vehicles, and posted revenues of 71. 6 billion euro. But the deal has already raised fears in the uk the jobs of 4,500 workers at v
Bank shares are pulling down that market. Battle of the bands well speak to the boss of a Company Bringing the likes of hozier and bastille straight to your living room. Today we want to know, as more car brands consolidate, does it matter which badges on the back of your car . Is there enough choice in the car . Is there enough choice in the car market . Let us know. Just use the hashtag bbcbizlive. Welcome to the programme. Do get in touch with your thoughts on this story. Our top story today. General motors, as was widely expected is selling opel and vauxhall General Motors will sell opel to psa group the French Company that owns peugeot and citroen. The price . 2. 33 billion. As we speak, both companies are hosting a Press Conference in paris. Buying gms Loss Making European Operations will make psa the continents second biggest car maker after volkswagen and ahead of french rival renault. And it will be a giant. Last year, psa and gm europe sold a combined 4. 3 million vehicles an
Light devices responsible for destroying your childs sleep . Well hear how Hospital Attendances in england for children under 1a with Sleep Disorders have tripled in ten years. I end iend up i end up asking her if she wants it because then i can get stuff done. Hello. Welcome to the programme. Were live until 11. Ina in a second we will bring you more on the deal about selling temper macro to the french. And well discuss how police in durham are planning to give free heroin to addicts in a bid to cut drug related crime. Will it work . Do get in touch. There are fears for thousands ofjobs at Vauxhall Plants in the uk this morning. Its after the French Company that owns peugeot and citroen struck a £1. 9 billion deal to buy General Motors european unit, which includes vauxhall. 11,500 workers are employed by the company in luton and Ellesmere Port. The unite union says its priority is to safeguard theirjobs. Our Business Correspondent joe lynam is here. What other worries about jobs . W
Soon after setting sail for dover. And bt sport are to pay £1. 2 billion to carry on showing the Champions League and Europa League until 2021. The new deal ends the Highlights Shows On Terrestrial Tv. Good morning. Welcome to bbc Newsroom Live. The uk factories at Ellesmere Port and luton employee. The new owners met government and unions last week and provided insurance that existing Production Commitments would be honoured at Ellesmere Port until 2020 and luton for some years beyond that but the combined company will have 2a factories in europe and some say that is too many. Its one of the biggest deals in the car making sector. British and german Brands Vauxhall and opel are to merge with the french brands peugeot and citroen. Together they will make a company which is the second largest automotive player in europe. Today, the bosses of General Motors and psa welcomed the £1. 9 billion deal and stressed their commitments to vauxhall and opel at least until 2020. After that it was
This is bloomberg surveillance. We have a packed show for you. We have that great interview that john cryan gave us, talking about the restructuring. We also have to look at the markets. We look at china, what the fed, janet yellen told us on friday. This is the picture overall. I want to put a lot of these european stocks, Deutsche Bank down some 5 . This is after john cryan said he has a new strategy, including asking the markets for 8 billion euros. You can see a little bit of dilution in the share is what we were expecting. 0. 6 it overall, seems that european shares are being cold lower, first of all because Deutsche Bank is tumbling, but also because the metals are lower. Investors weighing Growth Prospects for china and Janet Yellens statements on Interest Rates. Geopolitical tensions also bolstering yen. I want to show you topix. 1554, a little bit lower because of japan moving to its highest possible alert level after north korea fired of the state missiles. First, lets get to