Peugeot-GM alliance?

PARIS: General Motors (GM) and PSA Peugeot Citroen are discussing a broad manufacturing alliance designed to stem losses in Europe and lower production costs elsewhere, according to sources with knowledge of the matter said.

Talks between GM, the world's biggest carmaker, and European No. 2 Peugeot were focused on sharing vehicles and parts rather than a capital tie-up, according to the people. Any new shareholdings that emerged would be small and symbolic.