Monday, April 30, 2012

Peugeot Citroen may build cars in India with GM

Visitors walk on the Peugeot booth during the second media day of the 82nd Geneva Auto Show at the Palexpo Arena in GenevaBEIJING (Reuters) - PSA Peugeot Citroen said it may build cars in India with General Motors , its new global alliance partner, effectively scrapping a planned 650 million euro ($850 million) investment in its own factory. The companies will explore ways to use GM plants to support Peugeot's long-heralded return to the Indian market, said Gregoire Olivier, head of Asian operations for the Paris-based automaker. "We're not going to move forward by building our own factory as we'd planned to," Olivier said in an interview at the Beijing auto show. ...


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