Tata Motors betting big on AMT, to equip almost all cars with AT    India is Hyundai's fastest growing market in the world    Royal Enfield to enter Brazil market    2016 Auto Expo gets more than 1.30 lakh footfalls on Sunday    Maruti Baleno shipments begin to Japan from India

GM Likely To Take Complete Control Of Peugeot Family

Total Shares 0

Peugeot 301 and Citroen C-Elysee

According to the latest reports, the founders of PSA Peugeot Citroen are on a verge to grant complete control of the French automaker over to General Motors. Peugeot was founded in 1810 by a family, which was a coffee mill manufacturer. The family currently holds a 25.4 percent stake with 38.1 percent of voting rights in the company, struggling hard for survival. The French carmaker is finding it difficult to sustain and has accepted to lose control. Currently, GM is a 7 percent shareholder of the Peugeot family.

The Peugeot family needs a big fresh capital and efficient management in order to revive, which is expected to be fulfilled by General Motors soon. GM is also facing overcapacity with its Opel division, hence PSA is offering full control to the American giant in order to merge the two and ease out the overcapacity situation. Any deal combining Peugeot with the Opel division of GM is said to be facing a major controversy because it can lead to factory closures and job losses in France and Germany.

Other potential investors for the Peugeot family from China include Dongfeng but the talks between the two are not satisfying for the French automaker and GM seems to be the strongest potential investor for the company. However, both Peugeot and GM have declined to answer about their recent talks. Before providing them a big capital, GM would need assurance that it will be able to cut production capacity for integrating Peugeot and Opel. If GM takes over the PSA group, we can expect them to launch the Peugeot 208 in India in the near future.

Opel Mokka Compact SUV

Source – Reuters

Comments on this entry are closed.

2016 Yamaha R3 Test Ride Review

2016 Yamaha R3 Test Ride Review


February 2, 2016    Adwait

The Yamaha R3 is a much more composed bike rather than a purpose oriented race machine Yamaha has finally entered into the quarter-litre sportbike segment with the YZF-R25 and YZF-R3. While other Asian markets get the 250cc version, Yamaha Motor India fortunately offers us the bigger brother – the R3. The bike was long due […]

Honda Drive To Discover 6 – Royal Exploration

Honda Drive To Discover 6 – Royal Exploration


February 1, 2016    Javeid Khan

The CR-V, City, Jazz did well amid rugged conditions in Honda’s latest Drive to Discover Barely before the dust had settled as we moved into the new year, Honda was ready with the first event of 2016. The ‘Honda Drive To Discover’, now into its 6th season, is all about exploring the country while experiencing […]

Maruti Swift vs Mahindra KUV100 vs Hyundai Grand i10 – Comparison Video

Maruti Swift vs Mahindra KUV100 vs Hyundai Grand i10 – Comparison Video


January 30, 2016    Javeid Khan

Catch All The Latest Videos, Subscribe To   Further Reading – Mahindra KUV100 Review Hyundai Grand i10 Diesel Review Hyundai Grand i10 Petrol Review Maruti Swift Review Tata Bolt vs Maruti Swift Hyundai Grand i10 vs Tata Bolt vs Maruti Swift Hyundai Grand i10 vs Tata Bolt vs Maruti Swift – Video

Suzuki Gixxer vs Honda CB Hornet 160R – Shootout

Suzuki Gixxer vs Honda CB Hornet 160R – Shootout


January 27, 2016    Faisal Khan

Shootout: Suzuki Gixxer vs Honda CB Hornet 160R; Shootout No. 145 Price OTR Mumbai: Rs. 89,836-91,004/- (Suzuki Gixxer), Rs. 92,222-97,226/- (Honda CB Hornet 160R) These two motorcycles are the best offerings in the 150cc commuter space and are fun to ride Competition in the 150cc segment has always been at its peak and there is […]

Return to Top ▲Return to Top ▲