The Polish government is reportedly holding talks with vehicle manufacturers involving the takeover of plants in Poland.
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Press reports in Poland say that sources close to the negotiators claim PSA Peugeot Citroen or Mitsubishi are the two most likely partners for Poland’s motor sector and possible buyers for Daewoo’s former manufacturing assets there.
Several plants in Poland are in trouble, but Daewoo Motor Polska – excluded from GM’s recent purchase of Daewoo Motor assets – is particularly desperate to secure its future. Iveco has now reportedly withdrawn from negotiations with the receiver of the insolvent Daewoo Motor Polska.
While the Polish automotive sector is considered to have good growth potential, the market has collapsed over the past year, hit by economic recession and political uncertainty.
