Will GM Give in to This French Temptress?

By John Rosevear – Jul 18, 2013 at 7:31PM

NYSE: GM

General Motors

Market Cap

$49B

Today's Change

(-0.27%) -$0.12

Current Price

$42.33

Price as of April 19, 2024, 3:37 p.m. ET

French automaker Peugeot is on the rocks, and rumors are swirling that the founding family is looking for a buyer -- and they may be wooing General Motors.

Rumors are swirling about the fate of French automaker PSA Peugeot Citroen (PUGOY), which is quickly running out of cash. Media reports have suggested that the company's founding family have offered to sell their stake to General Motors (GM -0.27%), which already owns a small stake. Will GM be tempted?

In this video, Fool.com contributor John Rosevear gives you an update on the latest rumors swirling around GM and Peugeot -- and explains why it would (probably) be a very bad idea for GM to succumb to this money-losing French temptation.

Fool contributor John Rosevear owns shares of Ford and General Motors. Follow him on Twitter at @jrosevear. The Motley Fool recommends Ford and General Motors. The Motley Fool owns shares of Ford. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.