Peugeot sinks in Paris trading while GM watches

|By:, SA News Editor

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.