GM to take Peugeot Stake as Part of Alliance

February 29, 2012Topnewsautombile, Autos, Big Companies, general motors, Peugeot, sharesExpert

(FRANKFURT, Germany) — General Motors and France’s PSA Peugeot Citroen, both struggling in Europe, said Wednesday that they’re forming an alliance to share car platforms and purchasing power. As part of the alliance, Detroit-based GM intends to take a 7 percent stake in the French automaker, making it the second-largest shareholder behind the Peugeot family. [...]