French carmaker Peugeot to seek European company legal status

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French carmaker Peugeot said it would be looking to take up the formal legal status of being a European company, which it said would better ...

PARIS: French carmaker Peugeot said it would be looking to take up the formal legal status of being a European company, which it said would better reflect the business and the integration of the Opel/Vauxhall businesses.

"This business structure, used by a growing number of companies in Europe, is recognized in all member states of the European Union. It would reflect Groupe PSA's European scope, following the successful integration of Opel/Vauxhall," Peugeot said in a statement.

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