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GM rules out alliance with Peugeot in India
Posted on 10 Jul 20121,579 Views Comments
General Motors' alliance with Peugeot will be restricted to Europe. This puts an end to reports that suggested that the French car maker could use GM's manufacturing facility in Gujarat
US car-maker General Motors' alliance with the French car-maker PSA Peugeot is restricted to Europe and there is no proposal for co-operation in India, a senior official of General Motors said on Monday.
GM has its manufacturing facility in Gujarat, while Peugeot is coming up with it facility in the state and there were reports that Peugeot may use GM's facility instead of coming up with a greenfield facility. "There is no discussion with Peugeot (for an alliance in India).
The tie up is likely to be confined to European markets," said Lowell Paddock, president and managing director of General Motors in India, in Ahmedabad while launching a version of Chevrolet Cruze. In February this year, General Motors had bought 7% stake in Peugeot to share vehicle architecture and jointly buy parts.
A Reuters report of April 25 quoted Gregoire Olivier, head of Asian operations for Peugeot, as saying: "We now have GM as a global partner, and GM has factories in India, so we're obviously reviewing our plans from the top." The statement raised questions against European car-maker's plan for India.
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