Forcing a French Connection for GM – The Wall Street Journal.
February 29, 2012 Leave a comment
I thought you would be interested in the following story on WSJ.com.
Forcing a French Connection for GM
http://online.wsj.com/article/SB10001424052970203833004577251593997518140.html
With General Motors GM +5.62%limited in what it can do about its woeful European operations, taking a stake in France’s No. 2 car maker might not be such a bad idea.
Word that GM is considering buying into an alliance with PSA Peugeot Citroën UG.FR +2.11%has drawn a collective yawn from investors. The deal seems unlikely to address the overcapacity problems dogging GM’s money-losing European business, Opel-Vauxhall.