General Motors Co. hasn't turned a profit in Europe since the late 1990s. Still, the business is improving. GM's European division lost only $257 million in 2016 after $813 million a year earlier. That's why carmaker PSA Group, which owns Peugeot and Citroen, is in talks with GM to buy the business. Analysts estimate GM's European unit, known as Opel, could be worth about $2.8 billion. That may not sound like a lot, but the division brought in a whopping $18.7 billion in total revenue last year. Bloomberg reporter Ed Hammond and Executive Editor Jeff McCracken tell Alex Sherman why GM has struggled for so long in Europe and why it wants to finally exit the region.

<p>General Motors Co. hasn't turned a profit in Europe since the late 1990s. Still, the business is improving. GM's European division lost only $257 million in 2016 after $813 million a year earlier. That's why carmaker PSA Group, which owns Peugeot and Citroen, is in talks with GM to buy the business. Analysts estimate GM's European unit, known as Opel, could be worth about $2.8 billion. That may not sound like a lot, but the division brought in a whopping $18.7 billion in total revenue last year. Bloomberg reporter Ed Hammond and Executive Editor Jeff McCracken tell Alex Sherman why GM has struggled for so long in Europe and why it wants to finally exit the region.</p>

Bloomberg M&A reporters, joined by outside experts and members of Bloomberg's Deals team, examines the week's biggest deals and highlights M&A trends most under scrutiny by Wall Street. He'll talk to reporters who broke Bloomberg's major scoops and interview investors, executives, lawyers and bankers for an inside peek into what's going on inside corporate boardrooms and what it's like working with the world's largest companies and richest people.

Bloomberg M&A reporter Alex Sherman examines the week's biggest deals and highlights M&A trends most under scrutiny by Wall Street.

Deal of the Week

64: GM Exploring Sale of European Business

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