PSA Peugeot-Citroen is in talks to forge both engine and component-sharing alliances
with rival vehicle manufacturers, reports the Financial Times (11/12/00).

Citing PSA chief executive Jean-Martin Folz, the FT says that the French auto-Group
– which has already set up a diesel-engine alliance with Ford and a multi-purpose
vehicle (MPV) venture with Fiat – is discussing a number of issues with several
carmakers with some of these discussions set to go all the way to an agreement.

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Folz said that the group’s long-term strategy – a network of alliances – was
more beneficial than either acquisitions or mergers.

He declined to comment on which carmakers were involved in the talks.

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