PSA Peugeot Citroen (PSA) and General Motors (GM) have confirmed the signature of major agreements in the execution of their Global Strategic Alliance. Consistent with the terms of the Master Agreement, the Alliance partners have signed definitive agreements related to three of the initial vehicle projects as well as to the purchasing joint venture.
The alliance would develop a new Compact MPV for Opel/Vauxhall and a Compact Crossover for the Peugeot brand. A joint B segment MPV for both the groups is also on the cards.
The alliance will also jointly develop an upgraded low CO2 B-segment platform to feed Opel/Vauxhall and PSA’s next generation of cars in Europe and other regions.
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.
Based on the success of their collaboration, the partners also announce their intention for new additional global initiatives to broaden the scope of their Alliance and seize future opportunities:
· Co-development of a next generation of high-performance, efficient small
gas engines derived from PSA’s global small petrol engine program (EB
· Exploration of product and industrial initiatives in Latin America or other