Cars
Well, that didn’t take long, did it? Only a week after the first report that General Motors and PSA Peugeot-Citroen were discussing a possible alliance in order to cut their costs and improve their performance in Europe and other regions, the two companies announced today that they have reached an agreement.
- Gm And Psa Axe Plans For Mid-size Models, Narrow Their Partnership
Even though it hasn't been that long since General Motors and PSA Peugeot-Citroen announced big plans for an elaborate partnership, the two companies have failed to come to an agreement on a number of projects. After dropping plans to jointly develop...
- Gm And Psa Peugeot Citroen Reportedly Considering European Merger
With GM’s European Opel/Vauxhall brands and PSA Peugeot Citroen losing money as well as market share fast, the two groups are looking for ways to make the best out of the alliance they formed on February 29. Under the initial agreement, GM paid...
- Psa Peugeot Citroen Reportedly Terminates Hybrid Research Partnership With Bmw, Continues With Gm
When it formed an alliance with General Motors last February, PSA Peugeot Citroen, Europe’s second-biggest car manufacturer, said that this would not affect its partnerships with other manufacturers. Yet according to Agence France-Presse, Peugeot’s...
- Gm And Psa Peugeot Citroen Appoint Members To New Joint Panel
The fast moving alliance created last month by General Motors and PSA Peugeot Citroen is wasting no time getting things into order as the two companies today announced the creation of a joint panel with five senior executives from each side (see the...
- Sources Say Gm Wants To Acquire 5 Percent Stake In Psa Peugeot-citroën As Alliance Talks Progress
A merger, a tie-up, an alliance or a collaboration, whatever you call it, at the end of the day, it all boils down to one thing: how well two automakers can work together in order to minimize costs and maximize profits. As previously reported, General...
Cars
GM and PSA Peugeot-Citroen Officially Form an Alliance, Fiat Still Wants In
Well, that didn’t take long, did it? Only a week after the first report that General Motors and PSA Peugeot-Citroen were discussing a possible alliance in order to cut their costs and improve their performance in Europe and other regions, the two companies announced today that they have reached an agreement.
The global alliance between the world’s number one car manufacturer and Europe’s number two automotive group involves two main topics: the sharing of platforms, powertrains and modules, and a joint venture for the sourcing of US$125 billion worth of parts and services from suppliers.
GM will acquire a 7 percent stake in the French group, which is slightly higher than the 5 percent originally reported, but still enough to make it the second largest shareholder behind the Peugeot Family Group.
Read more »- Gm And Psa Axe Plans For Mid-size Models, Narrow Their Partnership
Even though it hasn't been that long since General Motors and PSA Peugeot-Citroen announced big plans for an elaborate partnership, the two companies have failed to come to an agreement on a number of projects. After dropping plans to jointly develop...
- Gm And Psa Peugeot Citroen Reportedly Considering European Merger
With GM’s European Opel/Vauxhall brands and PSA Peugeot Citroen losing money as well as market share fast, the two groups are looking for ways to make the best out of the alliance they formed on February 29. Under the initial agreement, GM paid...
- Psa Peugeot Citroen Reportedly Terminates Hybrid Research Partnership With Bmw, Continues With Gm
When it formed an alliance with General Motors last February, PSA Peugeot Citroen, Europe’s second-biggest car manufacturer, said that this would not affect its partnerships with other manufacturers. Yet according to Agence France-Presse, Peugeot’s...
- Gm And Psa Peugeot Citroen Appoint Members To New Joint Panel
The fast moving alliance created last month by General Motors and PSA Peugeot Citroen is wasting no time getting things into order as the two companies today announced the creation of a joint panel with five senior executives from each side (see the...
- Sources Say Gm Wants To Acquire 5 Percent Stake In Psa Peugeot-citroën As Alliance Talks Progress
A merger, a tie-up, an alliance or a collaboration, whatever you call it, at the end of the day, it all boils down to one thing: how well two automakers can work together in order to minimize costs and maximize profits. As previously reported, General...