Can Peugeot Go It Alone?

The carmaker is riding high but remains vulnerable

Among European car makers, PSA Peugeot Citroen is looking lonely. Volvo went to Ford. Renault has Nissan. Fiat has joined forces with General Motors. Volkswagen is even teaming up with Scania in heavy trucks. Unfazed by such frantic deal-making, Peugeot Chairman Jean-Martin Folz believes staying independent is the only way to go. "We'll see who's right in the end," he says.

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