GM Signs Logistics Agreement with PSA Peugeot Citroen
GM and PSA Peugeot Citroen have reached a long-term, exclusive agreement to transfer the majority of GM's logistics business in Europe to Gefco, a wholly-owned unit of PSA Peugeot Citroen.
The agreement will impact the majority of the Opel/Vauxhall, Chevrolet and Cadillac logistics activities in Europe (including Russia) and includes services such as material and component deliveries to manufacturing plants, delivery of finished vehicles to dealerships and the transport of aftersales spare parts to distribution centers.
This agreement represents one of the largest logistics agreements in the European automotive industry to date. It allows GM to gain cost savings and focus its internal resources more on GM’s core automotive business.
The new logistics agreement between GM and Gefco will take effect in 2013.
The agreement is a first result of the global alliance announced earlier this year. GM and Peugeot said late in February that they hoped the alliance would lead to at least $2 billion in annual savings shared evenly between the two within about five years from joint purchasing, logistics and the joint development and production of vehicles and parts.
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