Peugeot plans to sell a 7% stake to GM

Note: This section contains information in English only.
Source: Bloomberg
PSA Peugeot Citroen is likely to announce soon its plan to sell a 7% stake to General Motors. Both companies are expected to form a development alliance which would include production and development of vehicles and engines. GM is struggling with its unprofitable Opel unit while Peugeot attempts to reduce its debt burden. Both companies faced a sharp drop in European region sales in 2011.
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