General Motors will use Gefco, the wholly-owned subsidiary of strategic alliance partner PSA Peugeot-Citroën, for most of its logistics business in Europe from next year.
The agreement, announced on Monday (2 July), is the first result of the alliance agreed at the end of February this year and aimed at savings of US$2bn a year.
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Today’s deal, announced in a joint statement, affects the majority of the Opel/Vauxhall, Chevrolet and Cadillac logistics activities in Europe, including Russia. It includes services such as material and component deliveries to manufacturing plants, delivery of finished vehicles to dealerships and the transport of spare parts to distribution centres.
The companies claim that it is one of the largest logistics agreements in the European automotive industry to date.
Steve Girsky, GM vice chairman, said: “This marks the first step in realising benefits from the larger alliance with PSA. This logistics agreement will bring operational efficiency and costs savings to GM and allow us to fully utilise the proven expertise of Gefco.”
Philippe Varin, chairman of PSA, said the agreement “enables Gefco to continue its strategy of broadening its existing client base and growing its global business operations.”
