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Financial Times: PSA Peugeot Citroën and GM in advanced talks about Euro alliance
22 February 2012
The Financial Times reports that PSA Peugeot Citroën and General Motors are in advanced talks about an alliance to join forces to build cars and components in Europe.
The partnership, if concluded, would see Peugeot and GM’s Opel/ Vauxhall unit jointly develop engines, transmission systems and entire vehicles that would be sold under their respective brands, two people familiar with the plan told the Financial Times on Tuesday.
The companies have not signed any agreement but the talks are continuing and they are said to be working towards a deal to be announced in early March at the Geneva motor show.
February 22, 2012 in Brief | Permalink | Comments (1) | TrackBack (0)
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Sharing major components such as diesel engines, transmissions etc should reduce development and production cost and benefit buyers with lower vehicle price. This type of sharing deals are required to compete with future lower cost vehicles made in China, India, Brazil, Mexico, Russia and South Korea etc.
Posted by: HarveyD | February 22, 2012 at 09:14 AM