The ink is only just dry on the contract detailing the collaboration between General Motors and PSA Peugeot Citroën, and already there is talk of going further. GM purchased a seven-percent stake in PSA to form an alliance that would work together on platforms, small and midsize cars, and MPVs and crossovers, the aim being to strengthen the positions of PSA and Opel. Plans include moving the Opel Corsa to a Peugeot platform, while the Citroën C5 and Peugeot 508 move to GM platform tech
General Motors has finally made a move to help its ailing European operations by tying its fortunes on the continent with those of PSA Peugeot Citroën. The two automakers have agreed to a new global alliance in which GM will buy a seven-percent stake in PSA, thereby making it the European automaker's second largest shareholder behind the Peugeot family itself. The shares won't give GM any governance rights over PSA, and the two companies will remain competitors in Europe.
Just who is the EV20 Alliance you ask? In a nutshell, it is a global alliance of business and government leaders that hopes to significantly expand the production and adoption of electric vehicles (EVs) over the next five years. The group is ambitious, and hopes to get a million EVs on the road. The next obvious question is how are they going to accomplish this? Unfortunately, the answer is not very exciting. No, the alliance is not working together to build the EV of your dreams. Instead, it ho
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