PSA Peugeot Citroen is to scale back its alliance with US company General Motors.<br /><br />Peugeot said a joint small-car programme with GM is likely to be cancelled.<br /><br />"Further analysis showed that the business model just wasn't there," a Peugeot spokesman said, without elaborating.<br /><br />That word came as the troubled French carmaker posted a 3.7percent decline in quarterly revenue.<br /><br />...<br />http://www.euronews.net/
