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Old 2nd July 2006, 00:04   #1
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Default GM Picks up stake in Peugeot

Nissan and Renault are considering a three way deal with GM and would pay US $3 billion for a 20% stake in the American automotive major. Of course, all this is still under consideration and the deal will have to get approval from the board of both companies but the biggest news is that if this deal goes through then it will give Carlos Ghosn a direct role in running GM. How Ghosn's position will affect Richard Wagoner is not yet known. GM's stock rose by 9% as news of this discussion came out.

Source : The Toronto Star and CTV Business.
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Old 2nd July 2006, 00:18   #2
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I doubt if the deal will go through. A 20% stake costs just 3 billion? So is GM worth only 15 billion? I used to think it would be more..
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Old 2nd July 2006, 02:35   #3
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Yeah but why would they be interested in GM. what has GM got to offer to a company like RN.
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Old 2nd July 2006, 02:45   #4
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Quote:
Originally Posted by Mpower
Yeah but why would they be interested in GM. what has GM got to offer to a company like RN.
GM arent in a very healthy financial position right now. They are having to cut jobs all over US and Canada (as are Chrysler and Ford, but GM are doin it in really large numbers). Maybe RN see a very good long-term investment oppurtunity right now. Or, it is GM spreading rumors tryiong 2 get their stocks up.
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Old 2nd July 2006, 04:34   #5
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maybe Gm will use spare capacity to build cars for NIssan/renault.
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Old 5th July 2006, 21:23   #6
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Quote:
Originally Posted by sajo
So is GM worth only 15 billion?

Yep! around that ballpark. It's market cap is $16.59 billion as of today.
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Old 5th July 2006, 23:21   #7
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Maybe they'll bring the "Chevrolet" Skyline GTR to India what say?
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Old 6th July 2006, 04:18   #8
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Quote:
Originally Posted by Boom Shiva
Maybe they'll bring the "Chevrolet" Skyline GTR to India what say?
If only ...
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Old 6th July 2006, 05:21   #9
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i wonder how will it effect this
http://photos1.blogger.com/blogger/6...00/map-car.jpg
This map is slightly old but holds
As for the use of this deal, GM is in dire straits, so it definately helps them, and it also gives RN a hold into one of the biggest US players.
If you look at this carefully, as of now almost all companies in the world are linked somehow, this deal will add more lines to the equation!

Last edited by tsk1979 : 6th July 2006 at 05:24.
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Old 6th July 2006, 07:09   #10
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Since, Nissan and renault are pretty strong in Europe but not in North America, The GM collaboration will help them a lot. It'll be the same story with GM in Asia where it can certainly increase its market share.
It'll be like Mazda-Ford and Mitsubishi-Chrysler in North America.
Overall, not a bad move. That is, if it goes through.
Imagine the LS7 in the Skyline GTR!!

Last edited by sujaylahiri : 6th July 2006 at 07:10.
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Old 28th February 2012, 10:56   #11
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Default re: GM Picks up stake in Peugeot

GM in talks to buy 7% Peugeot stake!

A GM-Peugeot alliance may include developing engines and building vehicles together in the region, a person familiar with the situation said last week. Klaus-Peter Martin, a GM spokesman, declined to comment today when contacted by Bloomberg News. Jonathan Goodman, a Peugeot spokesman, also declined to comment.

GM, the world's largest carmaker, is looking for ways to turn around its unprofitable Opel brand, while Peugeot is seeking to stem a growing debt load. Peugeot's 2011 sales in Europe plunged 8.8 percent to 1.68 million vehicles. GM's dropped 1.9 percent to 1.17 million. Auto executives expect deliveries in the region to shrink in 2012 for a fifth year

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Old 29th February 2012, 19:53   #12
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Default Re: GM Picks up stake in Peugeot

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Originally Posted by volkman10 View Post
GM in talks to buy 7% Peugeot stake!


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 .
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Old 1st March 2012, 22:13   #13
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Default Re: GM Picks up stake in Peugeot

GM ties the knot with Peugeot!

"Whats the Deal?
General Motors will pay around $400 million for a 7 percent stake in French automaker PSA Peugeot Citroen.
Deal will make GM the second largest shareholder in PSA, after the Peugeot family, which holds around 30 percent.
The shares wont give GM any governance rights over PSA
The deal is expected to close and take effect by the second half of this year"

GM ties the knot with Peugeot-Citroen
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Old 5th August 2012, 20:10   #14
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Default Re: GM Picks up stake in Peugeot

Quote:
General Motors Co., which acquired a 7 percent stake in PSA Peugeot Citroen in March, said it may have to write down its investment as the European auto market heads toward its fifth straight annual sales decline.

The amount at which GM is carrying the investment in Paris-based Peugeot exceeded its fair value at June 30, GM said today in a filing with the U.S. Securities and Exchange Commission. The automaker said it plans to hold the investment until the value recovers.


http://www.autonews.com/article/2012...#ixzz3q034a86w
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Old 24th October 2012, 20:54   #15
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Default GM PSA Detail 4 New Co-developed Vehicle Projects

Quote:
Originally Posted by AutoBlog
The American and French automakers will apparently team up to develop several vehicles, including a small MPV for Opel/Vauxhall and a compact crossover for Peugeot. Also planned is a small car for both Opel and Citron.

As much as $2 billion in savings are expected in the next five years as a result of this venture. In a statement from GM and PSA, "All four projects will be developed combining the best platform architectures and technologies from alliance partners."
Source

Some progress, Fianlly!

I suppose the CSUV for Peugeot will be based on the Gamma II, Trax Architecture, but what do Peugeot have in MPV segment? Help!
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