Hot News: GM & PSA Peugeot-Citroen Share Platform Alliance

General Motors is buying 7 percent of PSA Peugeot Citroen stock to become its second-largest shareholder, and the two will develop a parts and components purchasing alliance that will save $2 billion per year combined within five years. They will share b-car (subcompact), d-car (midsize) platforms, SUV, and crossover platforms. PSA won’t jeopardize its diesel-engine joint-venture production