Room to maneuver

14 February 2017 By Antony Currie

A sale to PSA could bring in cash or a 15-20 pct stake in a larger European carmaker. But in return the $56 bln GM may have to cover up to $10 bln of unfunded pension obligations. A boost to profit plus a higher valuation multiple might even justify handing over all of that.

This content is for Subscribers only

To access full Breakingviews.com content you must be a subscriber. Please use the following link to request a trial.

 

Email a friend

Please complete the form below.

Required fields *

*
*
*

(Separate multiple email addresses with commas)