The Alliance between GM and PSA wil not fail like the GM/Fiat one did, because it is an alliance of equals, according to one of PSA's top bosses.
"GM/Fiat was not balanced, it was too far weighted in favour of one party," PSA chief, Frederic St Geours told Autocar at the Geneva motor show.
St Geours added that the savings the deal will bring both GM and PSA were deliberately calculated at $1b apiece for that reason. "We are confident the fit with GM is good," he said.
Initially the Alliance will make savings in purchasing - PSA's buying bill of $30bb will be boosted to $125bb by adding in GM's purchasing.
Steel, one of the key commodities bought by a car-maker, will increase fourfold to 8million tonnes.
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