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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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