PSA Peugeot Citroen is in advanced alliance talks with GM (GM), according to French online...

|By:, SA News Editor

PSA Peugeot Citroen is in advanced alliance talks with GM (GM), according to French online newspaper LaTribune.fr, with sources saying the two could join forces on development and production in Europe. The alliance wouldn't be a merger and probably wouldn't involve an exchange of shares. PSA confirms it's in alliance talks but didn't name its potential partners.