Detroit Bureau on Twitter

Posts Tagged ‘renault nissan daimler’

GM May Back Away from Alliance with Peugeot

Talks aimed at expanding alliance put on hold.

by on Nov.14, 2012

GM's turnaround plan for Opel included new products like the Adam, plant cuts and an expanding alliance with France's Peugeot.

After 14 years of massive losses, General Motors is hoping to turn things around for its German-based Opel brand by closing plants, adding new product – and teaming up with the equally troubled French automaker PSA Peugeot Citroen.

The deal announced by the two makers last February was expected to save each at least a billion dollars by sharing product development, component production and more. And as recently as during the Paris Motor Show, in September, GM and PSA were hinting they saw the opportunity to take things even further.

Your Source!

Now, it appears, GM isn’t quite so sure.  The U.S. giant is reportedly putting on hold talks aimed at expanding the alliance, the Reuters news service indicating there’s concern about Peugeot’s commitment in light of the multi-billion-dollar bailout it will now get from the French government.

A GM spokesman confirmed the original alliance is moving ahead, “as planned,” but declined to discuss efforts to expand the partnership.


Mazda, Fiat Team to Develop Next-Gen Roadster

Alfa Romeo to get version of next Mazda MX-5 Miata.

by on May.23, 2012

The MOU will create new roadsters for both Alfa Romeo and Mazda based on the next-generation, rear-drive Miata platform.

The push to partner up continues to sweep through the global auto industry, Mazda and Fiat signing a non-binding Memorandum of Understanding that will let them share in the development and production of an all-new roadster.

The MOU means Fiat’s Alfa Romeo brand will get its own 2-seater based on Mazda’s next-generation MX-5 Miata rear-wheel-drive architecture.  In a jointly released statement, the two manufacturers said the project is aimed at developing “two differentiated, distinctly styled, iconic and brand-specific light weight, roadsters featuring rear-wheel drive. The Mazda and Alfa Romeo variants will each be powered by specific proprietary engines unique to each brand.”

Stay in the Know!

The news from Fiat and Mazda underscores a dramatic shift in the global auto industry, even the largest and most well-funded manufacturers, such as the Renault/Nissan Alliance and Daimler AG, looking for joint opportunities to expand their product lines and improve economies of scale. The timing also coincides with the launch of new sports coupes developed through a partnership between Toyota and Subaru.


GM Takes 7% Stake in Peugeot.

Peugeot already looking to expand GM alliance.

by on Mar.28, 2012

GM CEO Dan Akerson and PSA Peugeot Citroen CEO Phillippe Varin.

General Motors now holds a 7% stake of French automaker PSA Peugeot Citroen, the first critical step in an alliance announced a month ago – and one that the French automaker is already signaling it would like to expand.

GM’s acquisition was linked to a new Peugeot stock offering that the Paris-based maker intended to raise 1 billion Euros ($1.32 billion) in much-needed capital.  In fact, demand for the share issue by Europe’s second-largest automaker ran about 78% above the original target, at 1.78 billion Euros.

Stay in the Know!

GM now becomes the second-largest shareholder in PSA Peugeot Citroen after the founding Peugeot family.  Represented by several key executives, including chairman Phillippe Varin, the family itself holds a 25% stake – but has 38% of the corporate voting rights.


Could Fiat/Chrysler Make a Bid for Peugeot?

Marchionne hints he may try to outbid GM for French alliance.

by on Feb.29, 2012

Might Fiat/Chrysler CEO Sergio Marchionne be the spoiler in talks between GM and Peugeot?

Might the Fiat/Chrysler alliance try to outbid General Motors to set up a global automotive powerhouse with French automaker PSA Peugeot-Citroen?

It’s clear that Fiat/Chrysler CEO Sergio Marchionne sees that as a potentially powerful alternative to letting PSA tie up with General Motors.  As reported this week, GM is apparently seeking a 7% stake in the French company, while the two partners would set up a series of joint ventures to develop new products and powertrains.

Stay in the Know!

But according to a report by Dan Howes, of the Detroit News, Marchionne is ready to step in as the spoiler.  He previously considered an alliance with Peugeot, having approached the French maker with the idea of an alliance during the Geneva Motor Show three years ago, even as Fiat was considering the option of buying GM’s struggling Opel division – then on the auction block.


GM in Alliance Talks With PSA Peugeot Citroen

Makers discussing “cooperations and alliances.

by on Feb.22, 2012

Does GM CEO Dan Akerson see a partnership with PSA as a way to solve Opel's problems?

General Motors and PSA Peugeot Citroen have confirmed they have begun discussing “possible cooperations and alliances.”

Both makers cautioned that their talks are still too early to discuss in detail, though industry sources are indicating that the U.S. maker, the world’s largest, and French-based PSA, Europe’s second-largest automaker by sales, are focusing on a manufacturing alliance – though some sort of joint product development could be in the cards, as well, other sources suggested.

In the Know!

Such a move could be critical for GM, which is struggling to staunch ongoing losses at its German-based Opel subsidiary.  Despite hopes that its European operations would be back in the black, GM suffered a $700 million loss in 2011, raising concerns about the company’s prospects despite a record global profit of $7.6 billion for the year.