Driven together

摘要

AFTER Sweeping past a significant mile-stone, drivers rarely slam their vehicles into reverse. Yet General Motors (GM), which last year joined Toyota and Volkswagen in an elite group that sells over 10m vehicles a year, may be on the brink of such a manoeuvre. On February 14th the American firm and PSA Group, which makes Peugeots and Citroens, sprang a surprise by confirming that they were in talks that could lead to the French carmaker buying GM's European operation, GM's decision to downsize has many merits, but the advantages of getting bigger are much less clear-cut for its European counterpart.