General Motors Co. (IW 500/4) will transfer most of its logistics business in Europe to Gefco, a subsidiary of PSA Peugeot Citroen (IW 1000/43), GM's German unit Opel said Monday.
As part of a global alliance signed earlier this year, "GM and PSA Peugeot Citroen have reached a long-term, exclusive agreement to transfer the majority of GM's logistics business in Europe to Gefco, a wholly owned subsidiary of PSA Peugeot Citroen," Opel said in a news release.
The agreement, which takes effect in 2013, will cover most of the logistics activities in Europe -- including Russia -- of Opel/Vauxhall, Chevrolet and Cadillac.
It includes services such as material and component deliveries to manufacturing plants, delivery of finished vehicles to dealerships and the transport of after-sales spare parts to distribution centers, the company said.
Copyright Agence France-Presse, 2012