GM-Peugeot setbacks set scene for Dongfeng deal push

Newswire

By Laurence Frost and Sophie Sassard PARIS/LONDON, Oct 14 (Reuters) - General Motors scaled back cooperation with Peugeot months into their alliance and later turned down a government-backed merger, leaving China's Dongfeng as the French carmaker's last hope, people familiar with the matter said. GM took a 7 percent stake in PSA Peugeot Citroen after the carmakers announced what was billed as a broad-based alliance in February, 2012. Yet the ...

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