G erm an com petition authoritiesgaveagreenlight Fridaytotheproposedalliancebe-tw eenFrench carm akerPSA Peugeot C itroenandits U Srival G eneral M otors,w hichow nsG erm any"s O pel.
T he com panies saidW ednesdaythey"ll de-velopajoint program that w ill m akeasm allvanfor G M"s O pel andV auxhall brands andserveas thebasis for acom pact crossover ve-hicle for Peugeot. T hey"ll alsodevelopanew,low -em issions sm all car andw orktogether onm id-size carsand sm allvansunderbothcom panies"brands.
R obert Schulz,ananalyst for Standard&Poor"s w hocovers FordandG eneral M otors,saidautom akers inEurope are goingtohave todrasticallyadjust expectations todeterm ine“w hata new norm al is”after sixyears of decline.
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