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
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you know what that pie consists of. if yyou checked out the weekend. let s get a check of the money stream. the futures are lower. investors are mulling over the latest from the president. they wonder if the tweets will overshadow the legislation agenda and the fed will hike rates this next week. european stocks are trading lower. shares in asia higher. gm is selling off the european venture. this is a big deal. psa will buy gm operation which is opel and vauxhall brands. it will be europe s second largest automaker behind volkswagen. it gets rid of a headache.