In March 2017, Groupe PSA agreed to buy Opel, its British sister brand Vauxhall and their European auto lending business from General Motors for US$2.2 billion. In return, General Motors will pay PSA US$3.2 billion for future European pension obligations and keep managing US$9.8 billion worth of plans for existing retirees. Furthermore, GM is responsible for paying about US$400 million annually for 15 years to fund the existing Great Britain and Germany pension plans.
It had some crazy mechanical issues. At one point it stumbled and stalled because the carburetor had come loose from the intake manifold and I had to tighten it back down! Another time, my brother was driving it and the brakes failed. Somehow the end of the brake shoe that meets the brake cylinder piston had become worn on one side, causing the piston to slip off the end of the shoe when the brakes were applied, losing braking and squirting fluid all over.