Staff Writer - CheersandGears.com
October 14, 2012
When General Motors and PSA/Peugeot-Citroen announced their alliance back in February, questions were brought up of what this deal would bring and if there was more this to the deal.
This past week, French Newspaper La Tribune reports that the two companies have been in talks to possibly extend their partnership to a 50/50 deal, with General Motors adding more cash. Neither company commented when asked.
Reuters has learned from one of their sources that the two companies has discussed "selling Opel to Peugeot, buying Peugeot's automotive business or putting them all together in a new entity."
The first two options are good only for the seller since that would let them walk away from the mess. The third option is an unknown at this point.
William Maley is a staff writer for Cheers & Gears. He can be reached at email@example.com or you can follow him on twitter at @realmudmonster.