Starting on 1 January 2017, Gefco (25% controlled by PSA with the remainder owned by the Russian Railway) will exclusively provide PSA with the global manufacturing supply chain. Gefco will not only source the components and deliver them to the production plants, it will also deliver final cars to clients around the world. In addition, it will distribute spare parts. According to PSA, this contract is worth €8bn or €1.6bn annually. We regard this contract as being excessively expens
03 Nov 2016
PSA signs €8bn, 5-year logistics contract with Gefco
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PSA signs €8bn, 5-year logistics contract with Gefco
- Published:
03 Nov 2016 -
Author:
Hans-Peter Wodniok -
Pages:
2
Starting on 1 January 2017, Gefco (25% controlled by PSA with the remainder owned by the Russian Railway) will exclusively provide PSA with the global manufacturing supply chain. Gefco will not only source the components and deliver them to the production plants, it will also deliver final cars to clients around the world. In addition, it will distribute spare parts. According to PSA, this contract is worth €8bn or €1.6bn annually. We regard this contract as being excessively expens