Common MOTORS TO Get 7-PERCENT OF PEUGEOT

As element of a development alliance, it seems that Frenchautomaker PSA Peugeot Citroen will be promoting7-percent of its company to Common Motors this week.By Jason Siu, Autoguide.com - If the deal is to go by way of, it will include a standstill agreement in which GM would not be able to take a greater holding of Peugeot without permission. Peugeot even so might provide extra shares through a rights concern as element of the transaction.A individual familiar to the matter told sources that a

Read more ...