Back in February, an alliance between General Motors and PSA Peugeot Citroën was announced and recently, some serious headway was established. The first, major result of the partnership was decided upon in order to benefit both companies in the European market. With the plan to send the majority of GM Europe’s logistics business to a wholly owned subsidiary of PSA, Gefco, the general will be able to save costs while PSA will gain a heavy expansion.
“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. Gefco, which is owned by PSA, is a top-ten European logistics group who helps with areas such as vehicle distribution inside about 150 countries world wide. The alliance will affect mostly GM’s Opel/Vauxhall division as well as Cadillac and Chevrolet of Europe. With the partnership, Gefco will oversea such activities as material and component deliveries, vehicle-t0-dealership shipping and aftersales spare parts transportation.
“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,” said Philippe Varin, Chairman of the Managing Board of PSA Peugeot Citroen.
Source: General Motors
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