As was analysed by the President of General Motors, Dan Ammann, the pollution norms are about to get stricter in Europe and a switch to electric vehicles demand huge amount of investments for innovation and infrastructure. Therefore, to save themselves from the atrocities of the coming time, they made a decision to sell out their brands, and might do so again if the other international businesses can't be fixed. Now the ball is in Peugeot's court, whose CEO, Tavares claims the decision to be a game changer for them.
French bank BNP Paribas will aid PSA Group to run GM's European businesses that they now possess while GM is likely to use the proceedings they beget from the deal to develop autonomous cars, ride-hailing services, and pension obligations.