PSA Peugeot Citroën and General Motors Report Further Progress on their
Global Strategic Alliance
*Major Product Development and Purchasing agreements signed
*Expansion of scope to also include powertrain
*Strengthening ties and cementing the Alliance
PARIS -- December 20, 2012
PSA Peugeot Citroen (PSA) and General Motors (GM) today confirm the signature
of major agreements in the execution of their Global Strategic Alliance.
Consistent with the terms of the Master Agreement dated February 29, 2012, the
Alliance partners have signed definitive agreements related to three of the
initial vehicle projects as well as to the purchasing joint venture.
Three Common Vehicle Platform Development Projects
The first common vehicle projects selected encompass platform / architecture
developments in the following segments:
1. A joint program for a C-MPV^1 for Opel/Vauxhall and a C-CUV^2 for the
2. A joint MPV^3 program for the B-segment for both Groups
3. The co-development of an upgraded low CO2 B-segment platform to feed
Opel/Vauxhall and PSA’s next generation of cars in Europe and other regions
Additional joint vehicle projects to further strengthen the Alliance are under
review and in due course will be subject to future announcements.
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
Creation of Purchasing joint venture
The Alliance partners have signed a definitive agreement to create a joint
purchasing organization in Europe supported by a purchasing joint venture.
This new organization will draw on the combined purchasing reach of both
companies to realize purchasing synergies. This is still subject to anti-trust
Further global initiatives
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 growth markets.
About General Motors
General Motors Co. (NYSE:GM, TSX: GMM) and its partners produce vehicles in 30
countries, and the company has leadership positions in the world's largest and
fastest-growing automotive markets. GM’s brands include Chevrolet and
Cadillac, as well as Baojun, Buick, GMC, Holden, Isuzu, Daewoo, Jiefang, Opel,
Vauxhall and Wuling. More information on the company and its subsidiaries,
including OnStar, a global leader in vehicle safety, security and information
services, can be found at http://www.gm.com.
About PSA Peugeot Citroën
With its two world-renowned brands, Peugeot and Citroën, PSA Peugeot Citroën
sold 3.5million vehicles worldwide in 2011, of which 42% outside Europe. The
second largest carmaker in Europe, it generated revenue of €59.9 billion
during the year. PSA Peugeot Citroën has sales operations in 160 countries. In
2011, it allocated more than €2 billion to research and development, in
particular in the field of new automotive propulsion technologies. PSA Peugeot
Citroën is also involved in financing activities (Banque PSA Finance),
logistics (GEFCO) and automotive equipment (Faurecia).
For more information, please visit www.psa-peugeot-citroen.com
^1 Multi-purpose vehicle for the C segment
^2 Crossover utility vehicle for the C segment
^3 Multi-purpose vehicle
GM Europe / Opel Communications
Stefan Weinmann, + 49 (0) 175 228 9453
David W Roman, +1 313 665 5316
PSA Peugeot Citroën
Pierre-Olivier Salmon, +33 (0) 1 40 66 49 94
Jean-Baptiste Mounier, +33 (0) 1 40 66 54 22
Cécile Damide, +33 (0) 1 40 66 53 89
Press spacebar to pause and continue. Press esc to stop.