GM transfers European logistics activities to Peugeot
US auto giant General Motors is to transfer most of its logistics business in Europe to Gefco, a subsidiary of PSA Peugeot Citroen, GM's German unit Opel said in a statement on Monday.
As part of a global alliance signed earlier this year, "GM and PSA Peugeot Citroen 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," the statement said.
The agreement, which comes into effect in 2013, would cover most of the logistics activities in Europe, including Russia, of Opel/Vauxhall, Chevrolet and Cadillac.
It included services such as material and component deliveries to manufacturing plants, delivery of finished vehicles to dealerships and the transport of after-sales spare parts to distribution centres, the statement explained.
© 2012 AFP