GM and PSA push on

Whilst GM’s former number one crown looks to be lost for the foreseeable future to either Germany or Japan, their French alliance seems to be firmly back on track as GM and PSA confirm that whilst plans for the Insignia/C5 shared platform has been scrapped, other plans for small car programmes and two sizes of minivans and crossovers will go ahead. They also announced plans to share a future generation of small gasoline engines. It looks like PSA CEO, Philippe Varin, has managed to pacify GM’s concerns following the French government’s debt rescue package. Both Opel and PSA need to see some quick results from these plans if they are to avoid rumours starting to appear about their future viability which inevitably hits used values. http://www.reuters.com/article/2012/12/20/peugeot-gm-idUSL5E8NK2KA20121220

http://www.psa-peugeot-citroen.com/en/media/press-releases/psa-peugeot-citroen-and-general-motors- report-further-progress-on-their-global-strategic-alliance