Peugeot, GM discard large car project, pursue others

PARIS Thu Dec 20, 2012 2:10am EST

PARIS Dec 20 (Reuters) - General Motors Corp and PSA Peugeot Citroen have discarded the idea of jointly developing a large car and will base their alliance on three smaller vehicle projects, the automakers said on Thursday.

GM and Peugeot also said in a statement that they will seek to jointly develop a new generation of small gas engines and will explore "product and industrial initiatives in Latin America or other growth markets."