PSA Peugeot Citroen and General Motors announce new developments in their Alliance
Signs agreements for the development of major projects in the vehicles and purchases.
PSA Peugeot Citroen (PSA) and General Motors (GM) confirm the signing of important agreements in the implementation of their global strategic alliance. Accordance with the provisions of the framework agreement signed February 29, 2012, the two partners have signed definitive agreements on three projects of vehicles as well as a joint venture in purchasing.
Three development projects of common platforms and vehicles
The first development projects in common platforms and vehicles include:
A common agenda for an MPV C-segment brand Opel / Vauxhall and CUV segment C Brand
A joint program of the minivan segment B for the two groups
The co-development of a modernized platform for B-segment cars has low CO2 emissions destined for New generation of vehicles Opel / Vauxhall and PSA Peugeot Citroen in Europe and the world
Other projects of co-development of vehicles are to the study and further strengthen the Alliance. They will ad SUBSEQUENT object.
The marketing of the first vehicles from this collaboration is planned in 2016. Models The Opel / Vauxhall, Peugeot and Citroen are clearly differentiated in total coherence with the respective identity of each brand.
Creation of a joint venture in purchasing
The Alliance partners have signed a definitive agreement to create a joint procurement in Europe has backed a joint venture. This new organization will benefit from the Combined purchasing power of the two groups to realize synergies in their earnings. It is still subject to the approval of the competent authorities of the competition.
New projects on a global scale
Building on the success of their collaboration, both partners also confirm their intention to develop new projects for the global scale and broaden their Alliance seize new opportunities:
Development in common of a new generation of small economical petrol engines and high performance, derived from PSA small gasoline motors (EB) program.
Study of new vehicle projects and industrial projects in Latin America or in other steps in growth.
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