PSA Group agrees to source EUR50M from GM&S over five years

PSA Group reached an agreement with the French government to extend its purchasing commitment from struggling auto parts supplier GM&S Industry to five years averaging EUR10 million annually, up from three years at EUR12 million per year.

“PSA Group has reached an agreement with the French government over its contribution to bail out struggling auto parts supplier GM&S Industry France.”autotechinsight.spglobal.com

• 1 source
• autotechinsight.spglobal.comPSA, French government reach agreement over GM&S bailout dispute – report - Automotive Technology Insight | Forecasts | Industry News | Supply ChainJul 25, 2017

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