Traffic jam

2 June 2009 By Pierre Briancon

The controlling family of the French car maker has opened the door to an industrial alliance or even a merger. But Peugeot s insistence the company should remain independent, and the family s intention not to be diluted, seem to mean it doesn t have Fiat in mind.

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Peugeot, the French carmaker, said it was open to possible alliances and mergers.

Fiat, its Italian peer, has made approaches to Peugeot about a possible deal in the past two years, but the French carmaker was not interested, according to people familiar with the matter.

Peugeot and Fiat have an agreement dating back 30 years in which they share production facilities at three plants making around 300,000 vehicles a year. Peugeot also has alliances with Renault, Ford (diesel engines), BMW (petrol engines), Toyota (small cars) and Mitsubishi (4x4, Russian factories and electrical vehicles).

Peugeot makes cars under the Peugeot and Citroën brands. Fiat Automobiles manufactures under the Fiat, Lancia, Alfa Romeo, Fiat Professional, Abarth, Maserati and Ferrari brand names.

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