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General Motors to Buy 7-Percent of Peugeot

General Motors to Buy 7-Percent of Peugeot
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As part of a development alliance, it appears that French automaker PSA Peugeot Citroen will be selling 7-percent of its company to General Motors this week. If the deal is to go through, it will include a standstill agreement in which GM would not be able to take a greater holding of Peugeot without permission…. Continue Reading...