Mexican Media Brands
PSA May Make Cars in India With GM
PSA Peugeot Citroen has scrapped its planned €650 million assembly plant in India and is now considering a plan to share production there with new alliance partner General Motors Co., Reuters reports.
Share
PSA Peugeot Citroen has scrapped its planned €650 million assembly plant in India and is now considering a plan to share production there with new alliance partner General Motors Co., Reuters reports.
The news service cites the company's Asia chief Gregoire Olivier. PSA suspended its India factory indefinitely in February as part of a broader plant to cut costs by €1 billion this year.
GM tells Reuters it has no plans to assemble cars in India with PSA. The U.S. company makes Chevrolet models there with Chinese joint venture partner Shanghai Automotive Industry Corp. GM CEO Dan Akerson told reporters in Beijing this week that the alliance with PSA will be "Eurocentric," although he says cooperation in Asia and South America also is possible.
RELATED CONTENT
-
GM Seeks to Avert U.S. Plant Shutdowns Linked to Supplier Bankruptcy
General Motors Co. says it hopes to claim equipment and inventory from a bankrupt interior trim supplier to avoid being forced to idle all 19 of its U.S. assembly plants.
-
Increasing Use of Structural Adhesives in Automotive
Can you glue a car together? Frank Billotto of DuPont Transportation & Industrial discusses the major role structural adhesives can play in vehicle assembly.
-
GM Develops a New Electrical Platform
GM engineers create a better electrical architecture that can handle the ever-increasing needs of vehicle systems
