PSA Group, GM announce Monday morning press conference

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  • Copyright Reuters 2017

    (Copyright Reuters 2017)

  • Copyright Reuters 2017

    (Copyright Reuters 2017)

  • The logo of German car maker Opel is seen at a dealership in Marseille, France, February 22, 2017.  REUTERS/Jean-Paul Pelissier

    The logo of German car maker Opel is seen at a dealership in Marseille, France, February 22, 2017. REUTERS/Jean-Paul Pelissier (Copyright Reuters 2017)

General Motors and France's PSA Group will hold a press conference on Monday morning, they said on Saturday, with the subject expected to be the acquisition of the U.S. carmaker's loss-making Opel unit.

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On Friday, sources said PSA Group, which makes Peugeot and Citroen cars, had struck a deal with GM to buy Opel division.

The press conference will be on Monday at 0815 GMT, PSA and GM said, without specifying the subject.

(Reporting by Laurence Frost; Editing by Victoria Bryan)