Transportation

GM-Peugeot drop car plan from re-jigged alliance

General Motors and PSA Peugeot Citroen, daunted by likely political roadblocks, scrapped plans for a joint mid-size car programme within their nascent alliance while adding engine cooperation.

Peugeot and GM drop large car and rejig alliance

General Motors and PSA Peugeot Citroen scrapped plans for a joint mid-size car program, narrowing the scope for vehicle sharing within their nascent alliance while adding engine cooperation.

Peugeot to cut cash burn in half in 2013: CEO

PSA Peugeot Citroen plans to reduce its monthly cash burn excluding restructuring costs by half to 100 million euros ($133 million) next year, Chief Executive Philippe Varin said in an interview published in Le Monde newspaper.