GM's alliance with Peugeot is unlikely to accomplish much, says Doron Levin. Peugeot's European...

|By:, SA News Editor
GM's alliance with Peugeot is unlikely to accomplish much, says Doron Levin. Peugeot's European market share is falling, the French government is pressuring it to avoid closing plants, and the Peugeot family has final say on all matters. Moreover, the European auto industry's overcapacity (estimated at 3M vehicles) is so high that a small amount of cost-cutting won't have a huge effect. (yesterday)