PSA Peugeot Citroen (PUGOY) has recently reported an impressive performance, with earnings above expectations and early indications of a successful integration of Opel. Nevertheless, its valuation is still very attractive, making it a good long-term restructuring play.
Opel Integration
PSA Groupe is a French carmaker, manufacturing and selling cars under five brands: Peugeot, Citroen, DS, Opel, and Vauxhall. The company produces more than 3.6 million cars each year, being the second-largest automaker in Europe behind Volkswagen (VLKAY). It also has a significant automotive parts business through its stake of 46% in