GM has "no intention" of putting more cash into Peugeot: CFO
DETROIT (Reuters) - General Motors Co (GM.N) 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 (PEUP.PA), 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.
- Malaysia military tracked missing plane to west coast: source |
- Malaysia air probe finds scant evidence of attack: sources |
- Ukraine appeals to West as Crimea turns to Russia |
- UPDATE 1-Missing Malaysian plane last seen at Strait of Malacca-source
- Freescale loss in Malaysia tragedy leads to travel policy questions