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The Spaminator
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GM, Peugeot in advanced alliance talks, report says
February 21, 2012
Automotive News

PARIS (Reuters) - General Motors and PSA Peugeot Citroen, Europe's No. 2 automaker, are in advanced alliance talks, French online newspaper La Tribune reported on Tuesday, citing an unnamed source.

The discussions, which began several months ago and have yet to reach any agreement, go beyond specific production partnerships of the kind PSA already has with automakers including Ford Motor Co., Toyota Motor Corp. and BMW AG, the newspaper reported.

GM spokesman Jim Cain and PSA spokeswoman Caroline Mille both declined to comment on the report.

Any deal with GM would have to be approved by the Peugeot family, which holds 30.9 percent of the French automaker's shares and 48.3 percent of voting rights, the report said.

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