GM and Peugeot talk further about going into a Joint Venture

| February 29, 2012 | 0 Comments

Only a few days back, we reported about the hushed talks of a JV berween French car maker Peugeot and General Motors. Now, it is being reported that the French labour minister recently confirmed the aforementioned news on a local radio show. It is now very sure that GM and Peugeot Citroën (PSA) have gone ahead with the initial talks of a joint venture. Another good news is that these talks are bearinf fruit and GM is planning to acquire 7% stakes in PSA. On formation of a JV, the two major auto manufacuturers should be seen co-developing engines, transmissions and platforms that would be used by Peugeot/Citroën and Opel/Vauxhall. 

Source: leftlanenews.com & Caradvice.com.au

 

Category: News

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Dyed-in-the-wool motoring enthusiast and internationally published writer. Been around for a bit to be clued in about the latest happenings in the world of crankshafts and pistons. Movie buff, Steve Jobs worshiper, wanderer and philosopher who loves his scotch. Follow Amit on Twitter @amitchhangani for the freshest auto news, opinions and other random ramblings

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