Expectations for GM-Peugeot alliance peeled back

General Motors (GM) scaled back its estimate for annual savings from sharing development costs with Peugeot (PEUGF) to $1.2B from $2B, but some analysts think little savings will ever emerge out of the partnership.

ISI analyst Arndt Ellinghorst appears to be on the low wide with his forecast the joint savings will amount to nil.

The automakers are currently working on development of a light commercial vehicle, a multi-purpose people carrier, and a crossover SUV.

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