GM & PSA

GM has bought a 7% share of PSA (Peugeot and Citroen). I don't see why they would. Back in the year 2000, GM bought 20% of Fiat, which was to save them both handsomely in financial terms. It didn't turn out to be that way, so GM decided to leave the alliance. To do so, GM had to pay Fiat $2bn to get out.This time round, the venture is more limited in scope. Any real savings will take years to