Tags: psa | peugeot | citroen | automaker | M&Q

France's PSA Peugeot Citroen Says It's in Alliance Talks

Tuesday, 21 February 2012 07:08 PM

PSA Peugeot Citroen, Europe's no. 2 car maker, said on Wednesday that it is in talks over potential cooperations and alliances, but did not identify the potential partners it is holding discussions with.

"In the context of its globalization strategy and improving its operational performance, PSA Peugeot Citroen looks at potential cooperations and alliances," the company said in a statement.

"Discussions are taking place and there can be no certainty at this stage that these discussions will result in any agreement," it added.

French online newspaper LaTribune.fr reported late on Tuesday that PSA is in advanced alliance talks with U.S. automaker General Motors.

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Tuesday, 21 February 2012 07:08 PM
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