Brakes on alliance GM/PSA
- According to the press agency Reuters (13/11/2012), General Motors and alliance partner PSA Peugeot Citroen have halted talks on
a deeper tie-up amid misgivings about the French carmaker's worsening finances and government-backed bailout, people familiar with
the matter said.
- The companies, already pursuing an operational partnership announced in February, had also been exploring a full combination of
Peugeot with GM's European unit Opel, which is based in Germany.
Two sources with direct knowledge of those discussions said they were broken off after Peugeot accepted a state guarantee for its
lending arm last month and announced a further deterioration of its cash position.
