Join Early Retirement Today
Reply
 
Thread Tools Search this Thread Display Modes
GM sells European brands to France's Peugeot
Old 03-06-2017, 06:16 AM   #1
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Midpack's Avatar
 
Join Date: Jan 2008
Location: LKN
Posts: 13,670
GM sells European brands to France's Peugeot

I don't follow automakers closely, but didn't see that coming, evidently I should have.
Quote:
PARIS - General Motors (GM) is selling its unprofitable European car business to the French maker of Peugeot, marking the American company’s retreat from a major market and raising concerns of job cuts in the region.

With the 2.2 billion euro ($2.33 billion) deal announced Monday, GM is giving up brands - Opel in Germany and Vauxhall in Britain - that have given it a foothold in the world’s third-largest auto market since the 1920s. They have not, however, made a combined profit in 18 years despite multiple turnaround efforts.
GM sells European brands to France's Peugeot - CBS News
__________________
No one agrees with other people's opinions; they merely agree with their own opinions -- expressed by somebody else. Sydney Tremayne
Retired Jun 2011 at age 57

Target AA: 45% equity funds / 30% bond funds / 25% cash - radically changed Nov 2018
Target WR: Approx 2.5% Approx 20% SI (secure income, SS only)
Midpack is offline   Reply With Quote
Join the #1 Early Retirement and Financial Independence Forum Today - It's Totally Free!

Are you planning to be financially independent as early as possible so you can live life on your own terms? Discuss successful investing strategies, asset allocation models, tax strategies and other related topics in our online forum community. Our members range from young folks just starting their journey to financial independence, military retirees and even multimillionaires. No matter where you fit in you'll find that Early-Retirement.org is a great community to join. Best of all it's totally FREE!

You are currently viewing our boards as a guest so you have limited access to our community. Please take the time to register and you will gain a lot of great new features including; the ability to participate in discussions, network with our members, see fewer ads, upload photographs, create a retirement blog, send private messages and so much, much more!

Reply


Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
 
Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off


Similar Threads
Thread Thread Starter Forum Replies Last Post
Who sells credit default swaps? ExHermit FIRE and Money 7 01-26-2008 06:30 AM
Who buys and sells small businesses? wabmester FIRE and Money 2 04-29-2007 02:28 PM
Bush sells arms to india, then visits pakistan cute fuzzy bunny Other topics 15 03-05-2006 03:28 PM
who sells dot coms for the lowest price ? zuki FIRE and Money 8 09-19-2005 05:12 PM
Chief economist for Mortgage Bankers Assn sells home in order to rent cute fuzzy bunny FIRE and Money 14 06-01-2005 03:04 PM

» Quick Links

 
All times are GMT -6. The time now is 10:39 PM.
 
Powered by vBulletin® Version 3.8.8 Beta 1
Copyright ©2000 - 2019, vBulletin Solutions, Inc.