Partnerships

GM to unload 7% stake in French automaker PSA Peugeot

12:35 pm U.S. ET | Dec. 12, 2013
GM is selling its entire stake in PSA Peugeot Citroen while scaling back efforts to jointly develop vehicles with the French automaker. GM said it will sell its 7 percent stake, or 24.8 million shares, through a private placement to institutional investors. GM acquired the shares in February 2012 for about $400 million....
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GM wins conquests through Costco

12:01 am U.S. ET | Dec. 7, 2013
A promotion between General Motors and Costco's auto sales arm has the warehouse club's members kicking the tires on GM's full-sized pickups far more than in the past....
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BMW and PSA will review engine alliance next year, Reithofer tells paper

Dec. 2, 2013 10:32 CET
BMW and PSA/Peugeot-Citroen will review their partnership on small gasoline engines next September, BMW CEO Norbert Reithofer told a French newspaper....
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PSA, Renault will end engine and transmission alliance in France

Nov. 21, 2013 09:13 CET
PSA/Peugeot-Citroen and Renault will end a partnership on engines and transmissions that is their last production alliance in France....
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YANG JIAN

Wuhan is poised to be China's Motor City

12:01 am U.S. ET | Nov. 15, 2013
Several Chinese cities are jostling for the title of "The Chinese Detroit" as they vie for bragging rights as the country's biggest auto producer. But Wuhan, which is home to Nissan, PSA, Renault and Honda, looks likely to win the title....
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YANG JIAN

How Dongfeng can protect a risky investment in PSA

12:01 am U.S. ET | Nov. 12, 2013
Dongfeng is being very cautious about a proposal to buy a stake in its joint-venture partner, PSA -- and rightly so. PSA would like to have Dongfeng's money, but won't be so happy to share technology....
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Magneti Marelli plans new lighting JV in China

Oct. 22, 2013 12:43 CET
Italian supplier Magneti Marelli has formed a joint venture with a subsidiary of China South Industries Group Corp. to produce headlamps and taillights in a new plant in central China....
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PSA confirms partnership talks after report says Dongfeng plans 30% stake

Oct. 9, 2013 12:39 CET
PSA/Peugeot-Citroen said it is in talks on potential new overseas partnerships after a Chinese newspaper reported that Dongfeng Motor may buy a 30 percent stake in the French automkaer for $1.63 billion....
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