General Motors is gaining amid reported talks to sell its European business

General Motors is up 3.41% at $36.73 a share on Tuesday morning as the carmarker is reportedly in talks to sell its European business.

GM's European division consists of the Opel and Vauxhall brands and has been part of the carmaker since before World War II.

According to Melissa Burden of Detroit News, PSA Group, the French maker of Peugeot and Citroen cars, said on Tuesday that it is exploring an acquisition of General Motor's European businesses, though there was "no assurance that an agreement will be reached."

GM is seeking a multi-billion dollar amount for Opel, according to Bloomberg.

NOW WATCH: People with these personality traits have more and better sex