An Opel payoff for Peugeot is years away
opel headquarters

In its struggle to save itself, Peugeot arranged an alliance General Motors' Opel, to save $2 billion a year in purchasing and engineering. They're both still waiting to see the benefits of that union. PSA's European market share in the first 11 months of 2012 fell from 12.5% to 11.7% as Opel's dropped from 7.3% to 6.7%. Both companies are in a hurry to get healthy, but the first jointly developed models won't hit the streets until 2016. GM (GM, Fortune 500) CEO Dan Akerson admits the two automakers have been slow to work together because of "a lot of variability" between how the two wanted to engineer some new models.

  @FortuneMagazine - Last updated January 17 2013 01:26 PM ET
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