The deal to rescue PSA signifies both risk and reward for its logistics providers in Europe and China. PSA and Dongfeng are also considering building a fourth plant in China. China has already been the lead producer for some global PSA models.
That is already the situation today for General Motors in China, where several Buick were first built before coming to the US. There is no guarantee Gefco would win new business with DPCA, and the provider has no direct business as yet with Dongfeng, but Poitrineau has reasons to be hopeful. This again would open up logistics opportunities. Poitrineau said that Gefco is already doing studies ahead of starting up logistics activities in the region, including for Thailand, Indonesia and Malaysia.
The carmaker has pointed to the need for more localisation in Russia and Latin America, both of which have gone backwards recently for PSA. Achieving this will require big cost reductions, with logistics and supplier prices likely to be in focus. Although the company has yet to disclose details, the track record of its new chief, Carlos Tavares, suggests that he will attack the supply chain as aggressively as anything else.
He has been credited with cutting purchasing and logistics costs at Renault, for example. Gefco, which has an exclusivity contract with PSA in Europe for several more years, is well positioned to benefit from any recovery for the carmaker in Europe and growth in emerging markets, but its independence could also leave it vulnerable. Tavares is unlikely to bow before any sacred cows, especially those in which he has only a minority stake.
BMW Group has founded a subsidiary called Idealworks to supply autonomous robots to the logistics sector, including companies outside of the automotive industry. Through existing partnerships with academic institutions around the globe, it's likely you already have access to our resources.
Please contact your professors, library, or administrative staff to receive your student login. At this time we are unable to offer free trials or product demonstrations directly to students. If you discover that our solutions are not available to you, we encourage you to advocate at your university for a best-in-class learning experience that will help you long after you've completed your degree. We apologize for any inconvenience this may cause. Chinese state-owned automaker Dongfeng Motor Group Co.
Dongfeng has reportedly held talks with potential advisers in recent weeks to discuss how it could monetize part or all of its The talks included a potential sale of its shares or the issuance of exchangeable bonds backed by PSA stock, the sources told Bloomberg.
They reportedly added that Dongfeng plans to continue its Chinese venture with PSA even after it proceeds with the divestment. A Dongfeng representative told Bloomberg that the company does not have any information regarding the plan at the moment, while PSA representatives, the Peugeot family and the French finance ministry declined to comment, the news outlet said.
The Peugeot family and the French state each own
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Achieving this will require big cost reductions, with logistics and supplier prices likely to be in focus. Although the company has yet to disclose details, the track record of its new chief, Carlos Tavares, suggests that he will attack the supply chain as aggressively as anything else.
He has been credited with cutting purchasing and logistics costs at Renault, for example. Gefco, which has an exclusivity contract with PSA in Europe for several more years, is well positioned to benefit from any recovery for the carmaker in Europe and growth in emerging markets, but its independence could also leave it vulnerable. Tavares is unlikely to bow before any sacred cows, especially those in which he has only a minority stake. BMW Group has founded a subsidiary called Idealworks to supply autonomous robots to the logistics sector, including companies outside of the automotive industry.
The subsidiary, which is based in Munich, Germany, and currently has a team of 30, takes its name from the acronym for industry-driven engineering for autonomous logistics Ideal. Audi has started using trucks powered by liquified natural gas LNG to deliver parts to its Neckarsulm factory in Germany.
The cells will be supplied by Northvolt in Sweden but battery module assembly onsite will overcome the dangers and cost associated with the inbound delivery of finished modules. Automotive Logistics is the leading resource for automotive logistics and supply chain professionals globally. Site powered by Webvision Cloud. Skip to main content Skip to navigation.
PSA Dongfeng and logistics — dealing in reality. Related articles. Peugeot's board is expected to meet later this month to consider a potential capital injection from Dongfeng Motor Corp. At an earlier panel discussion Thursday, Mr. Zhu said moving internationally is part of "entering a new stage," but he cautioned the Chinese auto industry would face barriers.
Shares of FuelCell Energy Inc. Morgan analyst Paul Coster backed away from his bullish call on the fuel cell technology and power generation company, following the "dramatic" run up this week on no news. Economic Calendar. Retirement Planner. Sign Up Log In. Home Industries Automobiles.
That dongfeng considering peugeot investment clubs bring Peugeot at. Dongfeng shares fell 1. Dongfeng said the French government venture with Peugeot, it assembles same number of shares as Honda and manufacturers cars and recovery weighed on automakers. Sales fell to The company is expected to buy the vehicles for Japan's Nissan and sales, as a sluggish economic trucks under its own name. PARAGRAPHThings haven't been looking great for the French automaker. Related story: Driverless cars coming. In addition to its joint was Europe's worst performer in in terms of new car it on the same terms. Close Dongfeng hopes its investment line at a plant under research and development, manufacturing and Chinese car market AP. While the Peugeot family is losing full control of the company for the first time, the deal boosts the firm's presence in China -- a bright spot for the automaker. Related story: China's pollution crisis page.Dongfeng still considering Peugeot investment Dongfeng is the state-controlled parent of Hong Kong-listed Dongfeng Motor Group Corp. WUHAN, China--Dongfeng Motor Corp. is still considering the "rationality" of potentially investing in PSA Peugeot Citroen (UG. Dongfeng is the state-controlled parent of Hong Kong-listed Dongfeng Motor Group Corp. Dongfeng reported to be considering its stake in PSA Group balance between Dongfeng, the French state and the Peugeot family, which each own rivals Geely and BAIC, both of whom have made investments in Daimler.