PSA Peugeot Citroën and General Motors to co-develop three common vehicle platform projects; launch of vehicles expected in 2016
PSA Peugeot Citroën (PSA) and General Motors have signed definitive agreements related to three of initial vehicle projects as well as to the purchasing joint venture as part of the execution of their Global Strategic Alliance. (Earlier post.)
The first common vehicle projects selected encompass platform and architecture developments in (1) a joint program for a multi-purpose vehicle for the C segment (C-MPV) for Opel/Vauxhall and a crossover utility vehicle for the C segment (C-CUV) for the Peugeot brand; (2) a joint multi-purpose vehicle (MPV) program for the B-segment for both groups; and (3) the co-development of an upgraded low CO2 B-segment platform to feed Opel/Vauxhall and PSA’s next generation of cars in Europe and other regions.
Additional joint vehicle projects to further strengthen the Alliance are under review and in due course will be subject to future announcements, the partners said.
The first vehicles resulting from this cooperation are expected to be launched in 2016. The Opel/Vauxhall, Peugeot and Citroen models will be highly differentiated and fully consistent with their respective brand characteristics.
Creation of purchasing joint venture. The Alliance partners have signed a definitive agreement to create a joint purchasing organization in Europe supported by a purchasing joint venture. This new organization will draw on the combined purchasing reach of both companies to realize purchasing synergies. This is still subject to anti-trust approvals.
Further global initiatives. The partners also announce their intention for new additional global initiatives to broaden the scope of their Alliance and seize future opportunities.
These will include co-development of a next generation of high-performance, efficient small gas engines derived from PSA’s global small gasoline engine program (EB engine), as well as the exploration of product and industrial initiatives in Latin America or other growth markets.