In an interview with radio station Europe1 on Tuesday, French Labor Minister Xavier Bertrand revealed that PSA Peugeot-Citroen CEO Philippe Varin informed the government that the automaker is talking to General Motors about forming an alliance.
Reuters reported that GM, which is the world’s number one automaker, and the PSA Group, which is the second largest carmaker in Europe, are not discussing a merger, but sharing vehicles and parts. Furthermore, any capital exchange between them would be minimal and purely symbolic.
Read more »