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Peugeot sinks in Paris trading while GM watches

  • Shares of Peugeot (PEUGF) crumble in Paris trading after the automaker warns of more write-downs and hints again it may need another capital raise.
  • General Motors (GM) is scaling back its plans with Peugeot, but still has part of its European fortunes tied to the French automobile brand through partnerships and a 7% ownership stake.
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Comments (4)
  • Raymondalpha
    , contributor
    Comments (76) | Send Message
     
    Peugeot should ask for French support since it is a national brand. GM cannot continue to maintain Peugeot forever. The next bets thing is for GM to sell what it has to French investors, and let Peugeot support itself.
    12 Dec 2013, 08:52 AM Reply Like
  • JeffreyLangBoyd
    , contributor
    Comments (663) | Send Message
     
    Could Peugeot sell out or would the unions/govt. or economics effectively prohibit that?
    12 Dec 2013, 09:17 AM Reply Like
  • Raymondalpha
    , contributor
    Comments (76) | Send Message
     
    I read that GM will sell its part of Peugeot, so the union cannot stop it now. For their sake, the French government has to step in.
    13 Dec 2013, 08:38 AM Reply Like
  • lemm
    , contributor
    Comments (758) | Send Message
     
    GM sold it's 7% yesterday,good move, imo.
    13 Dec 2013, 08:58 AM Reply Like
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