GM has 'no intention' of putting more cash into Peugeot -CFO
DETROIT Feb 14 (Reuters) - General Motors Co is "not betting on" an uptick in European auto demand later this year and has no plans to provide additional funds to its struggling partner in the region, France's Peugeot SA, GM's chief financial officer said.
"We have no intention of putting more cash into Peugeot," GM CFO Dan Ammann told reporters on Thursday during a briefing for the largest U.S. automaker's fourth-quarter results.
GM's fourth-quarter profit of 48 cents per share fell short of Wall Street expectations by 3 cents.
- U.S.'s Kerry expresses regret to India over diplomat case |
- Mega Millions winners in Georgia, California to split $648 million |
- Washington, DC city council raises minimum wage to $11.50/hr in 2016
- China confirms near miss with U.S. ship in South China Sea
- Fed cuts bond buying in first step away from historic stimulus |