Further to the alliance agreement signed in February, PSA Peugeot Citroen and General Motors have today announced key details of their global strategy.
The four common vehicle projects will be:
• A compact-class multipurpose van for Opel/Vauxhall and a compact-class crossover utility vehicle for Peugeot
• A joint multipurpose vehicle for the small car segment for Opel/Vauxhall and Citroen
• An upgraded low CO2 small car to feed their next generation of cars in Europe and other regions
• A joint programme for mid-size cars
All four will be developed ‘combining the best platform architectures and technologies’, with the first vehicles scheduled to launch by the end of 2016.
The partners also confirmed the previously stated synergy target of $2bn annually, and added that this should be achievable within five years.
With these decisions made, PSA Peugeot Citroen and General Motors say they will now work to finalise the associated definitive agreements, as well as exploring other cooperation opportunities.