Tata Motors Denies PSA Connection
However, now, both Peugeot and Tata have denied the rumor. Still, considering what Tata did to Jaguar-Land Rover, perhaps a connection to Peugeot would not have been such a bad thing for either brand. It would have also meant that the French brand could have re-entered the Indian market, which is currently on the rise and wants efficient and cheap diesel-powered cars.
PSA is still in trouble and if they don`t find a solution soon, they may start taking drastic measures to cut their losses, as Ford has done, as well as other manufacturers, but to a smaller extent.
Story via autonews.com