PEUGEOT S A S / ADR
When the stock exchange reopened after four days, great volume trades were seen across the board. Post-Sandy, home improvement stocks like Home Depot and Lowe's saw big surges while tech stocks took a fall. However, among the most noticeable winners were US automakers Ford (NYSE: F) and General Motors (NYSE: GM). Ford, which reported Q3 earnings a day earlier, beat EPS forecasts by $0.10, reporting EPS of $0 more »
One of the biggest economic stories in recent years, which has also become part of the current Presidential campaign, has been the recovery of the U.S. automakers from the brink of failure during the 2008-09 financial crisis. But now another crisis, this time in Europe, threatens to cut short the automakers' rebound into financial health.
The car companies' rebound can perhaps be best seen in the latest results from more »
A global alliance has been announced between General Motors (NYSE: GM) and France's PSA Peugeot Citroen ADR (NASDAQOTH: PEUGY.PK), with GM taking a 7% stake in Peugeot, that is interesting to say the least.
The combined unit sales would amount to 12.5 million vehicles a year and the alliance would claim the top spot in both the production of compact cars and upper-middle segment cars globally. Both more »