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European car giants reportedly halt talks


European car giants reportedly halt talks


Peugeot and General Motors have put the brakes on talks due to the French car makers financial problems and government-backed bailout, according to sources.

The two car giants had announced an operational partnership in February and were also exploring a tie up between Peugeot and Opel – GM’s European brand based in Germany.

A spokesman for Peugeot said there were no Opel talks currently in progress breaking a months silence since they were first reported.

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