Peugeot taking over GM

PARISFrench auto maker PSA Peugeot Citron is in talks over a potential European takeover of General Motors Co., a French government official said, as GM grapples with weak sales and a raging price war as well as the aftermath of the bankruptcy and bailout from the Government.
The discussions underscore the problems facing the American automobile industry. As they struggle with chronic overcapacity in their core market, Europe's car makers are increasingly looking to share development, engineering and manufacturing costs of new vehicles.
Xavier Bertrand, the French labor minister, confirmed the talks in a radio interview on Wednesday.
"The talks are aimed at a takeover," said a person familiar with the matter. "Both companies would remain independent entities and responsible for their respective operations. They're looking at possibly sharing technology and developing certain components together."
Another person familiar with the matter the takeover could range from cooperation in the development and manufacture of components like powertrains, up to joint manufacture of a range of vehicles. It could include cross-shareholding, that person said.
Peugeot issued a statement confirming it is in discussions on a potential takeover agreement with another company.
The American government wants to get out of running GM and see this as an opportunity to get some of the bailout money back and get out of running GM.
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On 2/22/12 3:29 PM, snipped-for-privacy@gmail.com wrote:

European takeover of General Motors Co., a French government official said, as GM grapples with weak sales and a raging price war as well as the aftermath of the bankruptcy and bailout from the Government.

industry. As they struggle with chronic overcapacity in their core market, Europe's car makers are increasingly looking to share development, engineering and manufacturing costs of new vehicles.

"Both companies would remain independent entities and responsible for their respective operations. They're looking at possibly sharing technology and developing certain components together."

cooperation in the development and manufacture of components like powertrains, up to joint manufacture of a range of vehicles. It could include cross-shareholding, that person said.

WOW this guys must be a member of the meida, how else could you take a partial truth and make it a total lie, TROLL!!!!!!!!!!!!!!!!!!!!!!!
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On 2/22/12 3:56 PM, Tom wrote:

Mikey lives on with a new nym.
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On 2/22/12 4:03 PM, Jim_Higgins wrote:

Posted by the NO 1 cut and paster TROLL
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On 2/22/12 6:24 PM, Tom wrote:

Way to go Mikey!
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On 2/22/12 6:35 PM, Jim_Higgins wrote:

would be proud to carry on for mikey he made you guys nuts for 2 years
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New projections by Kelley Blue Book. GM is predicted as a big loser.
Dealers of Ford and Chrysler have more than 80 days supply of vehicles available on average, General Motors has more than double that.
GM is looking with worried eyes at the report. It predicts a 5.8 percent decrease in sales for GM. In a rising market, this would translate to a hefty 2.4 percent decrease in market share.
The new direction from Peugeot will not start to help GM until after a long time or at all because Americans are not very keen on small cars.
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Much better articles at:
http://online.wsj.com/article/SB10001424052970203960804577238614113772208.html http://www.bloomberg.com/news/2012-02-22/gm-peugeot-seen-as-europe-money-losers-still-losing-money-cars.html
I have my doubts that combining GM'sEurpopean Operations with Peugeot will do anything but be a way for GM to eventually dump Opel without appearing to do so. I don't understand why they didn't sell off Opel back in 2009 when they had the chance to do so.
Peugeot has been down this road before. Many years ago it took over all of Chrysler's money losing Eurpopean division and combined them all into the Talbot brand - which no longer exists.
GM had a very profitiable year in 2011 - at least in the US. I don't understand why they didn't complete paying off the Government loans already.
Ed
PARISFrench auto maker PSA Peugeot Citron is in talks over a potential European takeover of General Motors Co., a French government official said, as GM grapples with weak sales and a raging price war as well as the aftermath of the bankruptcy and bailout from the Government.
The discussions underscore the problems facing the American automobile industry. As they struggle with chronic overcapacity in their core market, Europe's car makers are increasingly looking to share development, engineering and manufacturing costs of new vehicles.
Xavier Bertrand, the French labor minister, confirmed the talks in a radio interview on Wednesday.
"The talks are aimed at a takeover," said a person familiar with the matter. "Both companies would remain independent entities and responsible for their respective operations. They're looking at possibly sharing technology and developing certain components together."
Another person familiar with the matter the takeover could range from cooperation in the development and manufacture of components like powertrains, up to joint manufacture of a range of vehicles. It could include cross-shareholding, that person said.
Peugeot issued a statement confirming it is in discussions on a potential takeover agreement with another company.
The American government wants to get out of running GM and see this as an opportunity to get some of the bailout money back and get out of running GM.
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On 2/23/12 7:39 AM, C. E. White wrote:

http://www.bloomberg.com/news/2012-02-22/gm-peugeot-seen-as-europe-money-losers-still-losing-money-cars.html
Almost makes one think of the Daimler/Chrysler "alliance".
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In this case it is a proposal for a GM Europe / Peugeot Alliance. No except the original poster is suggesting that Peugeot is taking over all of GM. As I see it, it a play by GM to make Opel profitable by letting Peugeot taking the heat for shutting down surplus factories. If it works, GM can make money in Europe. If it fails, GM can leave Peugeot (and ultimately the French government) holding the bag. The Germans can blame the French for screwing up Opel and we all know how the German love to blame the French (and vis-a-versa). If I was Ford, I'd worry the German and French goverment would fianace this silliness which would allow Peugeot and Opel to sell cars at a government financed profit while Ford is left struggling to compete in Europe with much less the government aid (I don't think anyone builds cars in Europe without some sort of government aid).
Ed
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On 2/23/12 9:16 AM, C. E. White wrote:

I stand corrected.
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Den torsdagen den 23:e februari 2012 kl. 14:16:42 UTC skrev C. E. White:

VW is based in Europe and is aiming at becoming number one in numbers of cars produced 2018 and thus overtaking Toyota and the Peugoet/GM hybrid as well.
America is gradually losing all lead it had in cars.
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Both Peugeot's auto division and GM are losing money because of structural problems that affect nearly every automaker. But those issues are affecting them worse than most.
And taking GM over probably won't do much to solve those problems.
It is rumored that the Government has promised Peugeot to get the remaining shares on a long lease to get out of running GM.
Peugeot has Citroen under its wings and lot of excellent technology but wants to get a better presence in America.
It is known that two minuses make a plus so Obama sees this as a great opportunity to get ahead in the race for the next election.
In order to show his support the next official presidential car is going to be a big old style Citroen with soft feminine lines that men find so pleasing waxing.
The Volt technology will be put in the car and it will be pure electric and will be Obama's flagship for the future of automobiles in the US.
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No one (except you) has claimed theat Peugeot is taking over GM. GM and Peugeot and GM are in conversations regarding cooperating in Europe (essentially having Opel work with Peugeot in some manner - maybe combining Opels operations with Peugoets at some level).
GM actually made a lot of money last year, but not in Europe (were it lost big bucks).
Ed

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It looks like you had it completely backwards.
BTW - I think GM should pay off it debt to the US Government before buying part of a failing French Auto Company
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From Automotive PARISFrench auto maker PSA Peugeot Citron is in talks over a potential European takeover of General Motors Co., a French government official said, as GM grapples with weak sales and a raging price war as well as the aftermath of the bankruptcy and bailout from the Government.
The discussions underscore the problems facing the American automobile industry. As they struggle with chronic overcapacity in their core market, Europe's car makers are increasingly looking to share development, engineering and manufacturing costs of new vehicles.
Xavier Bertrand, the French labor minister, confirmed the talks in a radio interview on Wednesday.
"The talks are aimed at a takeover," said a person familiar with the matter. "Both companies would remain independent entities and responsible for their respective operations. They're looking at possibly sharing technology and developing certain components together."
Another person familiar with the matter the takeover could range from cooperation in the development and manufacture of components like powertrains, up to joint manufacture of a range of vehicles. It could include cross-shareholding, that person said.
Peugeot issued a statement confirming it is in discussions on a potential takeover agreement with another company.
The American government wants to get out of running GM and see this as an opportunity to get some of the bailout money back and get out of running GM.
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