GM says no plans to invest more in struggling PSA

Newswire

SHANGHAI, June 19 (Reuters) - General Motors Co reiterated on Wednesday that it has no immediate plans to invest further in its struggling European partner PSA Peugeot Citroen , which is cutting 8,000 jobs and closing a domestic plant to stay afloat. "We don't have any intention of investing additional funds into PSA at this time," Chief Executive Officer Dan Akerson told a media briefing in Shanghai. "If we see something changes, we'll evaluate that." Peugeot ...

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