GM, Peugeot Citroen in partnership talks
2/23/2012General Motors Co. and PSA Peugeot Citroen are in talks to form a broad partnership as the two automakers struggle with declining car sales in Europe.
The alliance may include developing engines and building vehicles together in the region, a person familiar with the discussion said Wednesday, declining to be identified because the talks aren’t public.
GM, the world’s largest carmaker, is looking for ways to turn around its unprofitable Opel brand, while Peugeot is seeking to stem a growing debt load.