GM Sells Its 7% Stake in Peugeot

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Dec. 13 (Bloomberg) –- Bloomberg’s Ryan Chilcote reports on GM’s sale of its stake in Peugeot on the reasons that its partnership didn’t produce the kind of savings they had originally thought. He speaks to Anna Edwards and Mark Barton on Bloomberg Television’s “Countdown.” (Source: Bloomberg)

Peugeot.

Ryan chilcote has the details.

Gm will continue to buy products together.

They will not save as much money.

It will take them two years longer to get to that savings.

That is according to pew show yesterday.

You can probably get a scaled- back partnership from what they were talking about.

The logic, both companies have been questioning.

They are losing money in europe.

They are competing in some products in europe.

As far as gm's stake, this is about underpinning its partnerships.

They were selling their stake.

That was for capital support.

They are in talks with the chinese manufacturers and about getting involved.

There has been a busy week for gm and pew show.

Dan ackerson has had an extra ordinary week in terms of big announcements including his own departure.

They also said they are selling the financial under billion dollars.

In europe, they will ditch chevrolet.

That will go in a couple of years time.

They will focus on opel and vauxhall.

They have been doing this since 99. the guy in charge of stemming those losses, he was a top candidate for ackerson's job.

He is going back to the board.

He thought it was a brilliant idea.

Interesting to see this week.

The strong exchange rate in australia has driven out a

This text has been automatically generated. It may not be 100% accurate.

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