Cars
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.
- Gm Sells Psa Stake For €250 Million, French Carmaker’s Stock Takes A Dive
Following Thursday's announcement about the continuation of the alliance with PSA Peugeot-Citroen, General Motors on Friday said it has completed the sale of its entire 7 percent stake in the French carmaker through a private placement to institutional...
- Morgan Stanley Report Says Gm Should Get Rid Of Cash-bleeding Opel
General Motors is keeping its Opel/Vauxhall European brands, despite losing money. In an attempt to reduce costs, utilize its plants’ output and face the European financial crisis, it has formed an alliance with PSA Peugeot Citroen. Yet analysts...
- European Carmakers Must Deal With The Crisis Fast Or Face The Consequences
A number of European carmakers are facing the same problem: they have more facilities and employees churning out more cars than they can sell. Automotive CEOs acknowledge the fact and understand that something needs to be done about it. Fiat’s...
- 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...
- 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 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 US$423 million (€326 million) for a 7 percent stake in its French partner, which made it its second-largest shareholder. The Detroit carmaker had stated, however, that despite the massive gains for both companies, it might be forced to write down its investment.
Read more »- Gm Sells Psa Stake For €250 Million, French Carmaker’s Stock Takes A Dive
Following Thursday's announcement about the continuation of the alliance with PSA Peugeot-Citroen, General Motors on Friday said it has completed the sale of its entire 7 percent stake in the French carmaker through a private placement to institutional...
- Morgan Stanley Report Says Gm Should Get Rid Of Cash-bleeding Opel
General Motors is keeping its Opel/Vauxhall European brands, despite losing money. In an attempt to reduce costs, utilize its plants’ output and face the European financial crisis, it has formed an alliance with PSA Peugeot Citroen. Yet analysts...
- European Carmakers Must Deal With The Crisis Fast Or Face The Consequences
A number of European carmakers are facing the same problem: they have more facilities and employees churning out more cars than they can sell. Automotive CEOs acknowledge the fact and understand that something needs to be done about it. Fiat’s...
- 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...
- 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...