General Motors, Peugeot to Team Up on U.S. Vehicle Project

by Christopher Freeburn | July 10, 2013 11:46 am

1000px General Motors.svg  300x298 General Motors, Peugeot to Team Up on U.S. Vehicle Project[1]According to a report in the French newspaper La Tribun, General Motors (GM[2]) and France’s Peugeot (PEUGY[3]) are looking to expand their partnership[4].

The two automakers are discussing an arrangement under which GM could begin marketing Peugeot Citroen’s commercial vans in the U.S., Reuters notes.

Peugeot and GM have also hinted at on-going talks over additional cooperation in overseas markets including Russia and Latin America.

If the deal were finalized, GM would market Peugeot-made commercial vans under one of its U.S. brands.

General Motors holds a 7% stake in Peugeot. The two automakers are collaborating to jointly develop smaller cars and minivans and expect to release the first minivans under GM’s Vauxhall and Opel brands[5] in 2016.

Shares of Peugeot climbed more than 1% in over-the-counter trading on Wednesday, while GM shares rose modestly.

Endnotes:
  1. [Image]: http://investorplace.com/wp-content/uploads/2013/06/1000px-General_Motors.svg_.png
  2. GM: http://studio-5.financialcontent.com/investplace/quote?Symbol=GM
  3. PEUGY: http://studio-5.financialcontent.com/investplace/quote?Symbol=PEUGY
  4. looking to expand their partnership: http://ca.reuters.com/article/businessNews/idCABRE9690EH20130710
  5. release the first minivans under GM’s Vauxhall and Opel brands: http://investorplace.com/2012/10/gm-peugeot-alliance-to-launch-new-vehicles/

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