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*Peugeot shares tumble again as GM offload stake. *Investment flows into Europe stocks still buoyant- Lipper. PARIS, Dec 13- European stocks inched lower on Friday in light volumes, adding to a near 5 percent pullback in two weeks, as investors remained on edge before next week's U.S.
*GM offloads Peugeot stake, loses $82 mln. PARIS/ LONDON, Dec 13- Hedge funds have reaped some $190 million this week from betting against Peugeot, in contrast with GM, whose own investment in the French carmaker proved to be a loser.
*Peugeot shares tumble again as GM offload stake. PARIS, Dec 13- European stocks inched lower on Friday in light volumes, adding to a near 5 percent pullback in two weeks, as investors remained on edge ahead of next week's U.S. Around Europe, UK's FTSE 100 index was down 0.04 percent, Germany's DAX index down 0.1 percent, and France's CAC 40 down 0.2 percent.
*Shares in Peugeot lost 23 pct in four days. *Goldman Sachs removes Peugeot from conviction buy list. PARIS, Dec 13- PSA Peugeot Citroen shares fell 11 percent on Friday for a 23 percent four-day drop after General Motors sold its 7 percent stake in the struggling French carmaker in a private placement to institutional investors.
However, RSA Insurance slumped 17 percent as its Chief Executive Simon Lee resigned after the insurer warned of a fall in 2013 earnings and flagged a possible hit to the dividend from a capital hole at its Irish business. PSA Peugeot Citroen fell 9.8 percent after General Motors announced the sale of its entire 7 percent stake in the French carmaker.
SHANGHAI, Dec 13- China said on Friday it would stop levying anti-dumping and anti-subsidy duties on certain types of cars imported from the United States when the measures expire on Dec. 15.
DETROIT, Dec 12- General Motors Co checked off items from its to-do list as the era of a new chief executive approaches, with the automaker announcing on Thursday that it has sold the stake in its former finance arm and in its French auto partner. GM's shares were 7 cents lower at $40.09 in late afternoon trading on the New York Stock Exchange.
PARIS/ LONDON, Dec 12- PSA Peugeot Citroen said on Thursday it took a 1.1 billion euro writedown at its ailing overseas operations and is pursuing a tie-up with China's Dongfeng Motor Group that would give the French carmaker the time and cash to pull out of its downward spiral.
WASHINGTON, Dec 12- David L. Strickland, who oversaw a massive Toyota recall and helped formulate plans to dramatically boost U.S. fuel efficiency standards as head of the National Highway Traffic Safety Administration, is stepping down, his office said on Thursday.
DETROIT, Dec 12- Compensation for Mary Barra, who will become General Motors Co chief executive on Jan. 15, has not yet been determined, the automaker said in a U.S. regulatory filing on Thursday. Barra, who is 51 but will turn 52 by the time she takes over as CEO, had total compensation of about $4.9 million in 2012, including a $750,000 cash salary, according to the filing.
Dec 12- General Motors Co has sold its remaining 8.5 percent stake in Ally Financial Inc, its former auto finance arm, for $900 million, the carmaker said on Thursday.
DETROIT, Dec 12- Volkswagen AG's U.S. The 54- year-old Browning, a former executive at General Motors Co and Ford Motor Co, had been with VW since 2010. Volkswagen said on Thursday that Browning will return to Britain, where he is from. Horn, a German national, has been since 2009 the head of Volkswagen global after sales, which covers parts and service at VW dealerships.
FRANKFURT, Dec 12- General Motors Co scaled back its alliance with Peugeot on Thursday and put a brave face on yet another setback for its efforts to seek growth in Europe through collaboration and partnerships. In the early days of the alliance, Peugeot and GM unveiled plans for at least five vehicle and powertrain programmes.
FRANKFURT, Dec 12- General Motors scaled back its alliance with Peugeot and put a brave face on yet another setback for its efforts to seek growth in Europe through collaboration and partnerships.
PARIS/ LONDON, Dec 12- French carmaker PSA Peugeot Citroen unveiled a 1.1 billion euro writedown at its ailing overseas operations and won General Motors backing for a tie-up with China's Dongfeng.
*Toyota had been seeking vote on cost cutting measures. SYDNEY, Dec 12- An Australian court on Thursday blocked Toyota Motor Corp from holding an employee vote on proposed contract changes, dealing a blow to the company as it seeks to cut costs and decide its manufacturing future in the country.
SYDNEY, Dec 12- An Australian court on Thursday blocked Toyota Motor Corp from holding an employee vote on proposed contract changes, dealing a blow to the company as it seeks to cut costs and decide its manufacturing future in the country.
*Microsoft down to' handful' of CEO candidates, Mulally not only contender. DETROIT/ NEW YORK, Dec 11- Ford Motor Co's board of directors plans to press Chief Executive Alan Mulally soon for a decision on his future, as speculation intensifies that he may be offered the job of CEO at Microsoft Corp.
Machinists in Washington hope that a new contract offer to Boeing will lead the company to decide to build the new 777X plane in the Seattle area.
Dec 11- A federal judge said General Motors Co is not required to pay $450 million to cover medical benefits for retirees, in a defeat for the United Auto Workers union.