Quotes: US MENA   Enter Symbol: NewsLetter: Search: advanced

Peugeot denies merger plans with Opel  Join our daily free Newsletter

MENAFN - 24/12/2012

No. of Ratings : 0
Add to Mixx!


 


(MENAFN) PSA Peugeot Citroen has denied plans to unify with General Motors' (GM) Opel division as part of their alliance, Reuters reported, citing Autogazette.

The magazine quoted Olivier Dardart, head of Peugeot's German operations as saying "This has never been an issue during the discussions".

He added "the point (of the alliance) is not to reduce personnel."

Recently, the two automakers shelved plans for a joint mid-size car program, though signed agreements on three other vehicle projects and engine cooperation.

The planned alliance, which was unveiled in February this year, raised investor doubts as the French automaker's finances worsen, prompting thousands of domestic job cuts under close supervision by Socialist President Francois Hollande's government.

 






  MENA News Headlines


 
Click to Apply






Google

 
 

Middle East North Africa - Financial Network

MENAFN News Market Data Countries Tools Section  
 

Middle East North Africa - Financial Network
Arabic MENAFN

Main News
News By Industry
News By Country
Marketwatch News
UPI News
Comtex News

IPO News
Islamic Finance News
Private Equity News

How-To Guides
Technology Section

Travel Section

Search News

Market Indices
Quotes & Charts

Global Indices
Arab Indices

US Markets Details

Commodoties

Oil & Energy

Currencies Cross Rates
Currencies Updates
Currency Converter

USA Stocks
Arab Stocks
 

Algeria 
Bahrain 
Egypt 
Iraq
Jordan 
Kuwait 
Lebanon
Morocco 
Oman 
Palestine
Qatar 
Saudi Arabia 
Syria
Tunisia 
UAE 
Yemen

Weather
Investment Game
Economic Calendar
Financial Glossary

My MENAFN
Portfolio Tracker

Voting

Financial Calculators

RSS Feeds [XML]

Corporate Monitor

Events

Real Estate
Submit Your Property

Arab Research
Buy a Research

Press Releases
Submit your PR

Join Newsletters


 
© 2000 menafn.com All Rights Reserved.  Terms of Service | Privacy Policy | Contact Us | Advertise | About MENAFN | Career Opportunities | Feedback | Help