GM and PSA Peugeot Citroën reach long-term logistics agreement to improve operational efficiency and save costs
02 July 2012
As a first result of its global alliance (earlier post), GM and PSA Peugeot Citroën have reached a long-term, exclusive agreement to transfer the majority of GM’s logistics business in Europe to Gefco, a wholly-owned subsidiary of PSA Peugeot Citroën and established leader in automotive and industrial logistics in Europe and beyond.
The agreement will impact the majority of the Opel/Vauxhall, Chevrolet and Cadillac logistics activities in Europe (including Russia) and includes services such as material and component deliveries to manufacturing plants, delivery of finished vehicles to dealerships and the transport of aftersales spare parts to distribution centers.
This agreement represents one of the largest logistics agreements in the European automotive industry to date. It allows GM to gain cost savings and focus its internal resources more on GM’s core automotive business.
The new logistics agreement between GM and Gefco will take effect in 2013.
On 29 February, GM and PSA Peugeot Citroën announced a broad-scale global strategic alliance that will leverage the combined strengths and capabilities of the two companies, contribute to the profitability of both partners and strongly improve their competitiveness in Europe.