Mar 08

The GM and Peugeot Deal

GM and Peugeot are looking to join forces. Actually, GM is looking to buy a large share to the tune of 423 million dollars. It’s not completely clear what the deal means for us here in America, but it should mean better deals for GM with supplies due to increased buying power. Whether or not that translates to better prices for the consumer is unknown and quite frankly doubtful. The two companies are already working on a cheap, small car for emerging markets, read: not us. We will keep up with happenings to see if anything interesting comes out of it.

Source: Detroit news