Peugeot Doesn’t Rule Out ‘Strategic Alliance,’ Chief Varin Says

PSA Peugeot Citroen (UG), Europe’s second-largest carmaker, wouldn’t rule out a “strategic alliance” as long as it keeps its independence, Chief Executive Officer Philippe Varin wrote in a letter to the editor published today by French weekly Investir.

Peugeot still considers partnerships “more interesting and more effective” than alliances, Varin wrote. Peugeot had studied a possible alliance with Mitsubishi Motors Corp. (7211) with “contacts” that weren’t pursued, Varin wrote, without providing further details.

To contact the reporter on this story: Fabio Benedetti-Valentini in Paris at

To contact the editors responsible for this story: Frank Connelly at; Edward Evans at

Press spacebar to pause and continue. Press esc to stop.

Bloomberg reserves the right to remove comments but is under no obligation to do so, or to explain individual moderation decisions.

Please enable JavaScript to view the comments powered by Disqus.