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
-
Choosing the Right Fasteners for Automotive
PennEngineering makes hundreds of different fasteners for the automotive industry with standard and custom products as well as automated assembly solutions. Discover how they’re used and how to select the right one. (Sponsored Content)
-
Things to Know About Cam Grinding
By James Gaffney, Product Engineer, Precision Grinding and Patrick D. Redington, Manager, Precision Grinding Business Unit, Norton Company (Worcester, MA)
-
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.
