Peugeot and GM scale back alliance
- 11 years ago
PSA Peugeot Citroen is to scale back its alliance with US company General Motors.
Peugeot said a joint small-car programme with GM is likely to be cancelled.
"Further analysis showed that the business model just wasn't there," a Peugeot spokesman said, without elaborating.
That word came as the troubled French carmaker posted a 3.7percent decline in quarterly revenue.
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http://www.euronews.net/
Peugeot said a joint small-car programme with GM is likely to be cancelled.
"Further analysis showed that the business model just wasn't there," a Peugeot spokesman said, without elaborating.
That word came as the troubled French carmaker posted a 3.7percent decline in quarterly revenue.
...
http://www.euronews.net/