Today 09/23/2016 - 05:35:23 PM
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GM and PSA Peugeot Citroen Announce Logistics Agreement to Improve Operational Efficiency and Save Costs
Detroit / Paris / Rüsselsheim - As a first result of its global Alliance, GM and PSA Peugeot Citroën have reached a long-term, exclusive agreement to transfer the majority of GM’s logistics business in Europe to Gefco, a wholly-owned subsidiary of PSA Peugeot Citroen and established leader in automotive and industrial logistics in Europe and beyond.
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.
Steve Girsky, GM Vice Chairman, said: “This marks the first step in realizing benefits from the larger Alliance with PSA. This logistics agreement will bring operational efficiency and costs savings to GM and allow us to fully utilize the proven expertise of Gefco”
Philippe Varin, Chairman of the Managing Board of PSA Peugeot Citroën, added: “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.”
The new logistics agreement between GM and Gefco will take effect in 2013.
On February 29, GM and PSA announced a broad-scale global strategic alliance that will leverage the combined strengths and capabilities of the two companies, contribute to the profitability of both partners and strongly improve their competitiveness in Europe.