Gm Psa Peugeot Citroen
The fling between General Motors and PSA/Peugeot-Citroën isn't kaput, but the flirting couple has separated its finances. Just a day after announcing its intention to divest itself of its seven-percent stake in the French automaker, GM had done so, ge
In terms of being a major newsmaker, the last seven days have probably been the biggest for General Motors since its 2009 bankruptcy. Aside from announcing that Mary Barra will be succeeding Dan Akerson as its CEO next year, the automaker also appears t
The relationship between General Motors and PSA/Peugeot Citroën got off to a bumpy start last year, and Automotive News says that the tie-up between the two automakers will be short-lived. Heavy losses from both companies is causing the alliance to be scaled back, but
The partnership between General Motors and PSA Peugeot-Citroën isn't expected to produce any results until 2016, but it has created plenty of news (and speculation) since it was formed Jeffrey N. Ross
General Motors wants to become the second-largest shareholder in PSA Peugeot Citroen, and the gears of a deal for seven percent of the French automaker are beginning to mesh. It cost General Motors $423 million to buy into PSA, and the companies will remain competitors despite lashing their rafts together.
Automotive News is reporting that stories in two other papers, France's La Tribune and England's The Financial Times, assert that General Motors and PSA Peugeot Citroën are "in advanced talks about an alliance." Neither maker would comment on the stories, but it has been well documented that both are looking to turn