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]

If you liked the article, share on:

Topics: psa, gm

Comments

Recommended

Before the W177 goes on sale in 2018, Mercedes-Benz had to go back to the drawing board to check on the A Class’ interior. This is because the new model...
by - November 24, 2017
If you see the Aston Martin’s 2018 Vantage, you would think that it is significantly different from most of Aston’s GT lineup. For instance, if the DB11 is a fine...
by - November 24, 2017
Even as Chevrolet is making a huge splash in the industry with the recent launch of the new Corvette ZR1, there may be trouble brewing. Chevrolet has announced huge discounts...
by - November 24, 2017
The 2018 GMC Sierra 2500HD has arrived this week at the snowy mountains in Colorado for its winter long debut. GMC’s tracked Sierra Mountain Concept will be on display at...
by - November 24, 2017
We’re willing to bet that the Bentley Bentayga is not the first thing that comes to mind for most people who are into off-roading and outdoor activities. It just doesn’t...
by - November 23, 2017
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