To the Editor:
It's one thing to look in the rearview mirror at the jumble of auto alliances that did not live up to their billing and speculate that the General Motors-PSA Peugeot Citroen deal might endure the same fate ("GM, PSA have some big issues; deal ignores them," Opinion, March 5).
We should not overlook the past, but we cannot be held captive by it either. When creative opportunities to generate billions in annual synergies arise, which the GM-Peugeot alliance promises for both companies, we must and will act -- mindful of the past but also determined to learn from it.
Further, concern that the deal does not reduce capacity in Europe is misplaced. Our alliance is independent of both companies' efforts to return our respective European operations to profitability. It just makes good business sense on its own. We were clear about that from the moment we announced it.
The GM-PSA Peugeot Citroen alliance has the hallmarks of a great relationship: two partners with a clear vision of what success looks like, coupled with a firm commitment to make it work.