PSA wants to work with General Motors in South America

Article by Anita Panait, on August 30, 2013

PSA/Peugeot-Citroen wants to work with General Motors in the very competitive South American markets to cut its reliance on Europe, Peugeot brand boss Maxine Picat told the Financial Times. He remarked that GM already has a “good scale” in South America. Picat, however, ruled out working with GM in the Indian market, where the American carmaker operates two sites and where the French company terminated plans for a vehicle plant, since they have decided to focus on China, South America and Russia.

Picat told the Financial Times that these regions are PSA’s key targets outside Europe. GM posted around 1 million in vehicle sales in South America in 2012, or fourfold that PSA sold in the region, the Financial Times said.

The report said PSA is behind Fiat, Volkswagen and Ford in key markets such as Brazil. GM acquired a 7-percent stake in PSA as part of a partnership announced in 2012 to share development of new models and carry out joint purchasing. [source: automotive news - sub. required]

Topics: psa, gm

If you liked the article, share on:

Comments

Login or Create new account to add a comment!

Recommended

Back in 2009, Nissan first introduced the Nissan Leaf, the company’s first all-electric vehicle. LEAF stands for Leading Environmentally-friendly Affordable Family car and this particular EV has been considered as...
by - December 3, 2016
In the minivan segment, the 2017 Chrysler Pacifica is already impressive in terms of fuel economy figures – as rated by the United States Environmental Protection Agency. In fact, the...
by - December 2, 2016
Having a blacked-out Bentley Mulsanne Speed is already menacing by itself but by naming it as the Bamford X, it became all the more imposing. This model was made by...
by - December 2, 2016
We have good news for those who are waiting for the latest version of the Mazda CX-5 compact crossover. It was just unveiled in November at the 2016 Los Angeles...
by - December 2, 2016
Those familiar with racing know that Marco Wittmann’s win during the 2016 Deutsche Tourenwagen Masters held last May was noteworthy as it was his second title in four seasons. In...
by - December 2, 2016
Facebook

Youtube Channel

Tip Us
Do you have a tip for us?
Did you film an important event?
Contact us
Newsletter
Subscribe to our newsletter!
Subscribe
Galleries