European Union Latest News: Shareholders, Execs Must Map Out Peugeot's Future: Hollande

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European Union Latest News: Shareholders, Execs Must Map Out Peugeot's Future: Hollande

European Union Latest News: Shareholders, Execs Must Map Out Peugeot's Future: Hollande
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European Union Latest News: Shareholders, Execs Must Map Out Peugeot's Future: Hollande

Wochit 1:02 mins

French President Francois Hollande said on Friday that it was up to PSA Peugeot Citroen shareholders and executives to set out plans for the company's future, and only then could the state offer its view. "First, it's up to the shareholders and Peugeot's managers to comment," Hollande told journalists after an EU summit in Brussels. "I leave it up to the shareholders and the managers to make a statement. Then the state can make a statement." The European Union has agreed on an outline for a drastic farm reform program that seeks to boost environment-friendly agriculture. Reuters reports Samsung is inclined to wave the white flag in its issues with European Union antitrust regulators rather than take its chances fighting it out. Samsung and the European Union's European Commission, which regulates corporate competition in the zone, are currently in preliminary talks to settle an investigation into the company's use of essential mobile patents.

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