It was announced back in February that General Motors and PSA Peugeot Citroen would be forming a “global strategic alliance” (see article) – and now the key steps in that alliance have finally been revealed.
According to an official statement, the alliance will revolve around two main areas: namely, the companies will share vehicle platforms, modules and components; and they will establish a global purchasing joint venture aimed at sourcing commodities, goods and services from suppliers – with annual purchasing volumes to reach $125million.
As part of the agreement, General Motors and PSA Peugeot Citroen have agreed on four vehicle projects:
- A joint programme for a compact-class MPV for Opel/Vauxhall and for a compact-class crossover utility vehicle for Peugeot.
- A joint MPV programme for the small car segment for both the Opel/Vauxhall and Citroen brands.
- An upgraded small car platform to produce low CO2 vehicles for the Opel/Vauxhall brands in Europe and PSA’s next generation of cars in the same region.
- A joint programme will also be formed focusing on midsize cars for Opel/Vauxhall and the Peugeot and Citroen brands.
All of these programmes will see the partners combine their best platform architectures and technologies; and they have also confirmed the next steps in their joint purchasing organisation which will have a synergy target of $2billion annually within five years.
It is hoped that the first vehicles from the new alliance will be on the road by the end of 2016.
Paul is a freelance writer with a background in everything from motoring to finance; and holidays to women's undergarments he just writes about them, honestly! He has now sadly crept into his early 30s and seems to have forgotten everything learned at school Still, he's a green car fanatic and isn't that what counts?
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