General Motors and PSA Peugeot Citroen revamp their alliance in Europe, dropping certain programs and adding others while continuing to pursue purchasing and logistics savings, an update that scales back original expectations for their 10-month-old joint venture. The automakers say in a statement today the JV also has been amended to eliminate any objections GM might have to an investment in struggling PSA by another automaker, a move that results in plans by GM to privately sell its 7% ...
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