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.
- Sierra Leone declares emergency as Ebola death toll hits 729 |
- S&P500 index posts worst fall since April; indexes down for July
- U.S. man sues soccer star Cristiano Ronaldo over CR7 trademark
- Israel, Palestinian militant groups agree to three-day Gaza truce |
- Moscow fights back after sanctions; battle rages near Ukraine crash site |