EDITOR’S NOTE
MARK SMYTH: Peugeot and General Motors to marry?
GM executives, and in particular CEO Mary Barra, have been ruthless in getting rid of dead wood and GM has twice tried to sell its Europe-based Opel operations. This is also not the first time that discussions have taken place, with GM owning a 7% stake in PSA until 2013. It is the first time, however, that rumours have started circulating that the discussions might actually be a first step to a full merger between the two companies. So what could this mean for SA? We tried to get comment from Peugeot SA and GM SA, but both merely sent us the international joint statement. Peugeot has downscaled its operations in SA and even stopped importing the Citroen brand late in 2016. Last month the company sold just 78 passenger cars in SA compared to GM’s 1,414. It would seem unlikely Peugeot would take over Opel operations locally. At the same time, GM SA is not in a great place either. It continues to receive special dispensation from the Department of Trade and Industry because it is not ...
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