DETROIT (AP) — General Motors Co. got about $343 million for its 7 percent stake in French
automaker PSA Peugeot Citroen.TheDetroit company on Friday said that it completed the private placementsale
of 24.8 million PSA shares for 250 million euros.GM boughtthe PSA stake in March 2012 for $402 million when
the companiesannounced a car-building and purchasing alliance. That means the companywill lose about $59
million on the deal.GM said earlier that thealliance with PSA will continue and will focus on jointly
developingvehicles, joint manufacturing, purchasing and logistics.Copyright 2013 The Associated Press. All
rightsreserved. This material may not be published, broadcast, rewritten orredistributed.DETROIT (AP) —
General Motors Co. got about $343 million for its 7 percent stake in French automaker PSA Peugeot
Citroen.TheDetroit company on Friday said that it completed the private placementsale of 24.8 million PSA
shares for 250 million euros.GM boughtthe PSA stake in March 2012 for $402 million when the
companiesannounced a car-building and purchasing alliance. That means the companywill lose about $59 million
on the deal.GM said earlier that thealliance with PSA will continue and will focus on jointly
developingvehicles, joint manufacturing, purchasing and logistics.Copyright 2013 The Associated Press. All
rightsreserved. This material may not be published, broadcast, rewritten orredistributed.