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GM and PSA join forces to co-develop four vehicle projects

 GM and PSA join forces to co-develop four vehicle projects
GM CEO Dan Akerson and PSA Peugeot Citro├źn Chairman of the Managing Board Philippe Varin sign global alliance 29.2.2012

First cars due in late 2016

The collaboration between General Motors and PSA Peugeot Citroen is getting stronger as the two parties have officially revealed that they plan on co-developing four vehicle projects, with the first cars scheduled to come out by the end of 2016.

There will be a joint program for creating a compact multipurpose van for Opel and Vauxhall, as well as a compact SUV / crossover for Peugeot. The second program involves developing a small car for Opel and Citroen. The third project consists of working on a new platform for next-gen Opel and PSA small cars with reduced CO2 emissions that will be sold in Europe and other areas. The fourth program concerns developing mid-size cars for Opel, Peugeot and Citroen.

Within the next five years the automakers plan on achieving $2 billion annual savings thanks to this collaboration.

Source: GM

PSA Peugeot Citroën and General Motors Confirm Key Steps in Global Strategic Alliance

  • Four common vehicle platform development projects
  • Next steps in joint purchasing organization
  • Synergy target of $2 billion annually confirmed
DETROIT/ PARIS/ RUSSELSHEIM - PSA Peugeot Citroen and General Motors today confirmed important steps toward the execution of their Global Strategic Alliance. Consistent with terms of the Master Agreement signed Feb. 29, the Alliance partners have selected four vehicle projects and confirmed the next steps in joint purchasing organization.

Four Common Vehicle Platform Development Projects

The four common vehicle projects selected to move to the next step encompass the following segment entries for both groups:

  • A joint program for a compact-class Multi-Purpose Van for Opel/Vauxhall and a compact-class Crossover Utility Vehicle for the Peugeot brand.
  • A joint Multi-Purpose Vehicle program for the small car segment for Opel/Vauxhall and the Citroen brand.
  • An upgraded low CO2 small car segment platform to feed Opel/Vauxhall's and PSA's next generation of cars in Europe and other regions.
  • A joint program for mid-size cars for Opel/Vauxhall and the Peugeot and Citroen brands. 
The Alliance aims to launch the first vehicles on these common programs by the end of 2016.

All four projects will be developed combining the best platform architectures and technologies from the Alliance partners.

Next Steps in Joint Purchasing Organization

The Alliance partners also confirmed the next steps in their joint purchasing organization. This collaborative effort will draw on the combined purchasing reach of both companies to realize purchasing synergies benefitting both companies. The joint purchasing organization will be subject to customary antitrust approvals.

Synergies Confirmed

Based on the above programs and the joint purchasing organization, both companies confirm the previously stated synergy target of $2 billion annually achievable within five years.

With the common vehicle development projects and next steps in purchasing organization now confirmed, the teams will work to finalize the associated definitive agreements in addition to exploring other cooperation opportunities.

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Comments (8)

 alihijazi alihijazi
GM must stop interfering in OPEL/Vauxhall
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October 25, 2012 3:54 am
 dcars62 dcars62
This is by far the most confusing "union" in the automotive world, but I hope it works out for both of them.
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October 24, 2012 8:01 am
 SorryMyBadEnglish SorryMyBadEnglish
Disaster Ahead?
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October 24, 2012 7:44 am
 PAA PAA
As long as this collaboration proves reliable, it sounds OK.
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October 24, 2012 7:12 am