Thursday, March 22, 2012

Reuters: Deals: Peugeot, GM to begin alliance projects by year-end

Reuters: Deals
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Peugeot, GM to begin alliance projects by year-end
Mar 22nd 2012, 12:20

PARIS | Thu Mar 22, 2012 8:20am EDT

PARIS (Reuters) - PSA Peugeot Citroen (PEUP.PA) and General Motors (GM.N) will start work on joint projects by the end of the year as part of their newly announced alliance, the French car maker said in a statement on Thursday.

Each of the companies has appointed five executives to a combined steering committee designed to oversee "activities that are currently part of the alliance and any exploration of other potential areas of cooperation", Peugeot said.

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