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Peugeot gm 2012 02 22

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Peugeot shares soar after firm reveals possible partnership with General Motors
Peugeot gm 2012 02 22

General Motors reported record profits for 2011 last week, but massive losses of $700 million in Europe dragged its fourth-quarter earnings down. Peugeot had announced plans to sell $2 billion in assets to reduce debts of $4.5 billion the day before.