The U.S. automaker appears to be gaining confidence that it doesn’t need partners but products to reverse years of losses in Europe.
General Motors seems to be prepared to forego any help from France’s PSA Peugeot Citroen or any other partner to finally stop losses after losing more than $18 billion in Europe in 13 years.
According to GM executives and U.S. suppliers that know about the proceedings there is now a growing confidence that what they really need is to overhaul and consolidate GM’s global vehicle platforms. This program, he suppliers said, will allow GM to develop and build most future Opel models alone.
“Ford has done a much better job than GM of leveraging their global platforms in Europe,” said Philippe Houchois, managing director and lead European auto analyst at UBS Securities in London. “For GM, having to deal with the new platforms at PSA was a big negative in the alliance.”
PSA confirmed Wednesday the partners were ready to lift the throttle off the wide-ranging alliance revealed in early 2012, with GM most likely pulling out of a program to build its next-generation Opel Corsa subcompact on a PSA platform. GM did say the next-generation Meriva and Zafira vans, both due in 2017, would still be jointly developed on PSA platforms, but declined to comment on the future Corsa.