PSA Peugeot-Citroen Says, “Not Afraid of a Fiat-Opel Merger”
By Brendan Moore
Peugeot board director Jean-Philippe Collin was quoted this morning in La Repubblica, an Italian newspaper, as stating that the French automaker PSA Peugeot-Citroen (Peugeot) was not afraid of a Fiat-Opel merger.
“We do not fear a possible alliance between Fiat and Opel. The car world is certainly not in its first phase of consolidation, we have always been working in a competitive scenario,” Collin stated.
“In periods like this, of scarce liquidity, the best thing is to concentrate resources on few and selected activities: renewing products, strengthening the network and satisfying clients,” he commented to the reporter.
Collin also mentioned that Peugeot would have electric urban cars in production by 2010.
There have been rumours that Peugeot might be pushed into an alliance with Renault, its arch-rival in France, with the French government itself acting as the marriage broker.
Peugeot sells approximately 3 million units per year and industry analysts have stated that the company may need to merge with someone else in order to compete effectively in the future.
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