Tag Archive for Stake

Fiat Cuts Spending as Peugeot Sells Assets as Sales Slump – Bloomberg

Fiat SpA (F) will cut investments in Europe by 500 million euros ($632 million) and PSA Peugeot Citroen plans to sell a larger stake in its trucking unit as the region’s automakers grapple with an extended market slump… Peugeot, Europe’s second-biggest carmaker, plans to sell at least 50 percent of its profitable Gefco trucking unit,…