GM (GM) will pay €320M for its 7% stake in Peugeot (PEUGY.PK) and the two companies will...

|By:, SA News Editor

GM (GM) will pay €320M for its 7% stake in Peugeot (PEUGY.PK) and the two companies will develop at least four cars together by 2016, according to GM's regulatory filing. The alliance can end early under several circumstances, including if one of GM's competitors buys 10% or more of Peugeot stock.