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7/2/2012 8:47 AM ET

General Motors Corp. (GM: Quote, 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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by RTT Staff Writer

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