General Motors Corp. (GM, GMM-U.TO) and PSA Peugeot Citroën have inked a long-term, exclusive agreement to transfer the majority of GM's logistics business in Europe to Gefco, a wholly-owned unit of PSA Peugeot Citroen. This logistics deal would enhance operational efficiency and save costs to GM and allows it to fully utilize the proven expertise of Gefco.
The deal is said to impact the majority of the Opel/Vauxhall, Chevrolet and Cadillac logistics activities in Europe, including services such as material and component deliveries to manufacturing plants, delivery of finished vehicles to dealerships and the transport of aftersales spare parts to our distribution centers.
The new logistics agreement between GM and Gefco would take effect in 2013.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.