General Motors Co. expects to raise about $3 billion in debt to fund pension obligations it plans to transfer to Peugeot SA as part of the sale of its European business, said finance chief Chuck Stevens. The U.S. auto maker on Monday said it had agreed to sell its European operations, including its Adam Opel AG subsidiary, for about $1.4 billion, withdrawing from a region where it hasn’t made a profit in more than 15 years.

Source: Wall Street Journal March 06, 2017 20:26 UTC