PSA Peugeot Citroen is considering stake sales to Dongfeng Motor Corp. and the French government to shore up funding as car sales in Europe plunge to a 20-year low, people familiar with the matter said.
Former Porsche SE Chief Executive Officer Wendelin Wiedeking and ex-Chief Financial Officer Holger Haerter were charged with market manipulation over the use of options in a failed bid to take over Volkswagen AG.
Volvo AB, the world’s second-largest truckmaker, said U.S. and European commercial-vehicle markets will probably recover this year as global economic growth rebounds. The shares rose the most in almost five months.
PSA Peugeot Citroen, Europe’s second-biggest carmaker, plans to sell property and a stake in its Gefco trucking unit as a contraction in the region’s vehicle market hampers the company’s ability to limit debt growth.