real-time news and commentary for investors
Wednesday, Oct 23
Peugeot, GM could reduce scope of partnership
- Peugeot Citroen (PEUGF) and GM (GM) could scale back their alliance, with a plan to develop a new platform for sub-compact vehicles "under review."
- Such a move would probably reduce the expected medium-term synergies of the carmakers' alliance from the $2B that was forecast.
- Two GM-Peugeot programs for small and compact minivans are still in the pipeline. GM and Peugeot are also considering "new initiatives."
- Meanwhile, Peugeot's Q3 revenue fell 3.7% to €12.11B.