General Motors will sell its European operations to Peugeot Citroen (PSA) and BNP Paribas for over $2 billion. What isn’t clear yet is how GM’s supply chain with its U.S. operations will proceed. PSA does not sell directly in the U.S., reducing competitive conflicts. Yet, GM has sourced around 40% of European supplies for its U.S. operations from its own operations there, Panjiva data shows. Presumably these assets, led by operations in Austria and Hungary, will be part of the deal. The global nature of GM’s supply chain may mean it can shift production elsewhere, should it be unable to ...