Monday, July 2, 2012

PSA to take over GM logisitcs across Europe

 General Motors  and PSA Peugeot Citroen said Monday thet have reached a long-term, agreement to transfer the majority of GM’s logistics business in Europe to Gefco, a wholly-owned subsidiary of PSA Peugeot Citroen.
 GM officials noted PSA Peugeot Citroen is an established leader in automotive and industrial logistics in Europe and beyon. “This marks the first step in realizing benefits from the larger Alliance with PSA. This logistics agreement will bring operational efficiency and costs savings to GM and allow us to fully utilize the proven expertise of Gefco,” said Steve Girsky, GM Vice Chairman.
Philippe Varin, Chairman of the Managing Board of PSA Peugeot Citroen, added: “This agreement is the first step in our long term strategic alliance with GM. It enables Gefco to continue its strategy of broadening its existing client base and growing its global business operations.”
This agreement , whichi goes into effect next year, 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 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.
 GM and PSA Peugeot Citroen had announced last February 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. By Joseph Szczesny


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