PSA Peugeot Citroen is declining to reveal any detail of potential joint venture talks with Renault, confining itself to noting there will be talks next week to discuss the situation in the French plants.
Speculation in France has centred on both automakers buying back each other’s stakes in the Douvrin engine plant and the Ruitz gearbox factory, but PSA is remaining tight-lipped.
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“There are some social meetings which [are for] next Tuesday in the two joint ventures…but that is all I can tell you,” a PSA spokeswoman told just-auto from Paris.
“There is Francaise de Mecanique in Douvrin in the north of France where we produce engines and there is Societe des Transmissions Automatiques [in] Ruitz. Unions have been involved.”
The PSA spokeswoman added both meetings would take place in the respective plants.
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