Step to Saving $2-Billion

Reports: GM and Peugeot Strike Cost-Sharing Deal

By Peter Neumann

Reports: GM and Peugeot Strike Cost-Sharing Deal

February 29, 2012

DETROIT, Mi. (My TV20 News at 10) --- Reports are they're forming a production alliance to make better use of facilities on both sides of the Atlantic, and in doing so hope to save $2-billion.

CNBC reports that GM and the French automaker Peugeot will be working to develop new vehicles after they close some plants and cut jobs. GM will buy a 7% stake in Peugeot.

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