PSA buys Opel-Vauxhall to create Europe's second-biggest carmaker

French carmaker PSA announced Monday the acquisition of General Motors' European subsidiary, which includes the Opel and Vauxhall brands, for 1.3 billion euros ($1.38 billion).The move will let PSA regain its position as Europe's second-largest automobile manufacturer, after Germany's Volkswagen, overtaking its rival French firm Renault.PSA said in a statement it was also buying GM Europe's financial operations for 900 million euros in a joint deal with the bank BNP Paribas, taking the total val