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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

Republican partyCentre rightFrancois fillonTurkish presidentWorld business reportSally bundockNazi practicesEuropean businessGeneral motorsPeugeot citroenEuropean car colossus in the makingChina sVauxhall brandsShare saleDeutsche bankPress conference