On Air Now

Current Show

Free Talk Live   9:00 PM - 12:00 AM

Call Free Talk Live now at 1-855-450-FREE

Show Info »

Upcoming Shows

Program Schedule »

Listen

Listen Live Now » 590 AM Kalamazoo, MI

Weather

Current Conditions(Kalamazoo,MI 49001)

More Weather »
59° Feels Like: 59°
Wind: WSW 0 mph Past 24 hrs - Precip: 0”
Current Radar for Zip

Tonight

Clear 52°

Tomorrow

Isolated Thunderstorms 79°

Fri Night

Isolated Thunderstorms 59°

Alerts

French minister confirms state will inject $1.1 billion in Peugeot

Employees assemble cars at a production line of Dongfeng Peugeot Citroen Automobile factory in Wuhan, Hubei province, February 13, 2014. REU
Employees assemble cars at a production line of Dongfeng Peugeot Citroen Automobile factory in Wuhan, Hubei province, February 13, 2014. REU

PARIS (Reuters) - France's Industry Minister confirmed on Tuesday the French state would inject 800 million euros ($1.10 billion) in PSA Peugeot Citroen leaving it with a 14 percent stake in the carmaker as part of a deal with China's Dongfeng <0489.HK>.

Peugeot and Dongfeng have agreed a 3 billion euro capital tie-up that buys Peugeot more time to turn its business around, brings in new management and ends two centuries of family control, two sources told Reuters before an official announcement set for Wednesday.($1 = 0.7272 euros)

(Reporting by Natalie Huet; editing by John Irish)

Comments