PSA Peugeot Citroen and General Motors have confirmed the development of important steps toward the execution of their Global Strategic Alliance. Consistent with terms of the Master Agreement that was signed in February this year, the two car makers have selected four vehicle projects and confirmed the next steps in joint purchasing organization. As per the agreement, the two manufacturers will work on the following projects.
- 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 French car maker was just recently bailed out by their country’s government and GM is also just recovering from their own bailout. So it will be very interesting, if not dangerous, to see in which direction this alliance will head, and with more uncertainty in the economy today and the collapse of the EU economy, it is essential for both companies to work together.
