Go Back   Team-BHP > BHP Worldwide > The International Automotive Scene


Reply
 
Thread Tools Search this Thread
Old 24th October 2012, 21:21   #16
Distinguished - BHPian
 
Mpower's Avatar
 
Join Date: Mar 2005
Location: Bangalore
Posts: 10,432
Thanked: 1,682 Times
Default Re: GM Picks up stake in Peugeot

Quote:
Originally Posted by souravc View Post
[/left]


This is completely banal given that Europe is a zone of over capacity and I do not see how GM would benefit from any tie-up with Peugeot, another struggling auto entity. The size of the investment is also puny to make any significant difference to Peugeot's life .
Makes total sense. Both Opel and Peugeot and small and lacking in scale and volumes needed to amortoize product development costs. Platform sharing with benefit both.
Mpower is offline   Reply With Quote
Old 24th October 2012, 22:38   #17
Distinguished - BHPian
 
volkman10's Avatar
 
Join Date: Dec 2010
Location: --
Posts: 10,058
Thanked: 15,567 Times
Default Re: GM Picks up stake in Peugeot

Will co-develop 4 projects as part of the alliance.

The projects will cover:

• A joint program for a compact multipurpose van for Opel/Vauxhall and a compact SUV/crossover for the Peugeot brand.

• A joint multipurpose program for the small car segment for Opel and the Citroen brand.

• An upgraded low CO2 small-car segment platform for Opel's and PSA's next generation of cars in Europe and other regions.

• A joint program for mid-size cars for Opel and the Peugeot and Citroen brands.

The automakers said they aim to launch the first vehicles on these common programs by the end of 2016.



http://www.autonews.com/article/2012...#ixzz2AElpt0FB
volkman10 is offline   Reply With Quote
Old 25th October 2012, 00:02   #18
Team-BHP Support
 
suhaas307's Avatar
 
Join Date: Aug 2009
Location: Bangalore
Posts: 8,055
Thanked: 6,601 Times
Default Re: GM Picks up stake in Peugeot

It will be interesting to see if GM will introduce Peugeot in India and position them above Chevrolet here. Or will they arrive as a separate entity given that 7% stake does not give GM any real rights over PSA?

There was talk about Peugeot making a comeback of sorts with the 'global' 301 sedan and that production will commence at the Sanand, Gujarat plant by this time next year.

Does anyone know what the 301 is based on?

It's also interesting to note that the 301 will be sold in China as the Citroën C-Elysée by the JV company Dongfeng Peugeot-Citroën Automobile. So it's quite possible that this car may land up here.

P.S. If Peugeot do come to our market, they're certainly not going to bring in re-badged Opel products considering that both the 'Peugeot' and the Opel brands failed at their first stints in the country.
suhaas307 is offline   Reply With Quote
Old 14th November 2012, 20:43   #19
Distinguished - BHPian
 
volkman10's Avatar
 
Join Date: Dec 2010
Location: --
Posts: 10,058
Thanked: 15,567 Times
Default Re: GM Picks up stake in Peugeot

A twist to the tale but TATA denies it!

Quote:
Tata denies report on alliance talks with PSA

Indian automaker Tata Motors Ltd. denied a report on Wednesday that it is in talks to set up an alliance with money-losing PSA/Peugeot-Citroen
Quote:
Germany's Manager Magazin reported Wednesday that PSA CEO Philippe Varin is looking for an alternative should his company's planned alliance with General Motors and GM's European unit, Opel/Vauxhall, collapse.
http://www.autonews.com/article/2012...#ixzz2CD6cs2Rx
volkman10 is offline   Reply With Quote
Old 2nd July 2013, 10:57   #20
Distinguished - BHPian
 
volkman10's Avatar
 
Join Date: Dec 2010
Location: --
Posts: 10,058
Thanked: 15,567 Times
Default Re: GM Picks up stake in Peugeot

GM Likely To Take Complete Control Of Peugeot Family.


Quote:
The family currently holds a 25.4 percent stake with 38.1 percent of voting rights in the company, struggling hard for survival. The French carmaker is finding it difficult to sustain and has accepted to lose control. Currently, GM is a 7 percent shareholder of the Peugeot family.
volkman10 is offline   Reply With Quote
Old 20th February 2014, 16:54   #21
BHPian
 
mahesh_sn's Avatar
 
Join Date: Dec 2013
Location: Navi Mumbai
Posts: 173
Thanked: 147 Times
Default Chinese automaker Dongfeng and French Government to pick up stake in Peugeot

Peugeot family seeks to infuse much needed capital in the ailing automaker via a €3.0 bn deal with Dongfeng and French Government. GM sold out its stake last year.

Quote:
As part of a €3.0 bn, or $4.1 bn, plan to raise new capital, announced Wednesday, the family will reduce its holding to 14 percent from just over 25 percent. That opens the way for Dongfeng Motor, a big Chinese car company, and the French government to each buy 14 percent stakes for about €800 million each, buying shares at a 40 percent discount to the closing price on Tuesday. There would be an offering to the company’s existing shareholders at the same discounted rate, bringing the total capital increase to about €3 billion.
The rationale behind the deal:

Quote:
The investment of public money by Mr. Hollande’s government is aimed at preserving the factories and jobs in France. It is also seen as a guarantee that Peugeot remains a French company, even as it relies on its Chinese partner to help it through its financial troubles and smooth an expansion into growing markets in Asia.

Industry Minister Arnaud Montebourg said: “PSA has the technology, but sells mostly in Europe without enough access to the fast growing Asian market. Dongfeng lacks technology and an international brand presence, but does have growth in Asia, so this is a good way of pooling their resources.”
Source: http://www.nytimes.com/2014/02/20/bu...=business&_r=0

http://www.euronews.com/2014/02/18/c...-agree-tie-up/

@Mods: Can we have the thread title updated to reflect the deal.
mahesh_sn is offline   Reply With Quote
Reply


Thread Tools Search this Thread
Search this Thread:

Advanced Search


Similar Threads
Thread Thread Starter Forum Replies Last Post
Peugeot ditches Gujarat Factory plans. GM unwilling to let Peugeot use its plants GTO The Indian Car Scene 47 7th October 2016 12:57
"Wards Auto" picks its 10 Best Interiors for 2016 cbatrody The International Automotive Scene 0 16th May 2016 18:45
Mahindra acquires 51% stake in Peugeot Motorcycles Aditya Motorbikes 4 21st January 2015 21:30
Consumer Reports USA 2008 Top Picks: Honda Accord, Hyundai Sante Fe & Elantra! itwasntme The International Automotive Scene 30 26th October 2011 08:12
CHEERS! UB Picks up Whyte & Mackay Steeroid Shifting gears 27 18th May 2007 10:59


All times are GMT +5.5. The time now is 08:42.

Copyright ©2000 - 2017, Team-BHP.com
Proudly powered by E2E Networks