“We have a kind of a one-stop shop for an entire car if need be. And Dave is available to us for consultation.”
GM and PSA Group (Peugeot and Citroën), confirmed today that discussions are underway to “exploring numerous strategic initiatives aiming at improving profitability and operational efficiency, including a potential acquisition of Opel Vauxhall by PSA.” Both companies said there is “no assurance that an agreement will be reached”. While little is …
PSA Peugeot Citroën reported a first-half operating loss of 510 million euros ($681 million), and a loss of market share in Europe to Volkswagen AG, the continent’s largest automaker. Over-reliance on the sagging European market has eroded PSA’s meagre profitability. Last year, it lost €5-billion and burned through €3-billion …
