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PEUGEOT CITROEN AND GM WENT TO CONVERGENCE
In the global automobile industry may see a new strategic alliance, talks about it began to GM and Peugeot Citroen, but Analysts. believe that the partnership does not help avtokoncernam solve the problem of overcapacity in declining European market. Peugeot Citroen said that talks on a possible Alliance or cooperation with other States. "The strategy of globalization and improve operating activities of PSA Peugeot Citroen is to allow stronger cooperation and alliances," said the French company. The concern refused to reveal who it is being negotiated, but the French Labour Minister Xavier Bertrand, in an interview with the radio station Europe 1 said the potential partner is the American GM negotiations Minister reveal details. According to the source, Bloomberg talking about joint production of automobiles and engines. Source: The Wall Street Journal ad manufacturers waiting for details on the upcoming agreement in Geneva Motor Show. The deal aims to improve a failing GM and Peugeot Citroen's position on the European market. In 2011, the global sales fell by Peugeot Citroen 1.5% to 3.5 million vehicles, while in Europe, where Peugeot Citroen has ranked second after Volkswagen, 6.1% decline. This year, the company projected sales at its key market in France — will fall by at least 10%. GM in Europe have problems with loss-making brands Opel and Vauxhall. Last year, losses of GM Europe had reached $ 700 million. GM regularly discusses with various market participants options for collaboration and cooperation ", but" to talk about any specific projects and agreements both with Peugeot Citroen, as well as with other players, GM is not yet ready, "reported Kommersant in Russian by representation. The company stressed that "changes in strategy, GM did not happen". Analysts are skeptical about a possible Alliance, primarily because in Europe as a whole, production of cars heavily outstrips demand. "Evil evil is not a simple fix. We do not see why join PSA and Opel will speed up the process of closing factories, both companies have too much power, "said Bloomberg Max Warburton of Bernstein Research Company Research. Colin has the same opinion of HIS Automotive Coachman London: "the problem of combining two companies wide profile in the European market is who and what will be reduced. Brands heavily overlap. Both excess capacity. " Two years ago, Peugeot Citroen already had similar talks with Mitsubishi, but the parties have suspended them, saying that the conditions for a strategic partnership unsuitable. Now Peugeot Citroen in partnership with BMW is developing low-emission engines for their cars.
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