GM and PSA Peugeot Citroën to co-develop four new vehicle programs

General Motors and PSA Peugeot Citroën on Oct. 24 announced their strategic alliance will co-develop four common vehicle projects, with the first launching by the end of 2016. The projects are:

• A joint program for a compact-class multipurpose van for Opel/Vauxhall and a compact-class crossover utility vehicle for the Peugeot brand.

• A joint multipurpose vehicle program for the small car segment for Opel/Vauxhall and the Citroën 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 midsize cars for Opel/Vauxhall and the Peugeot and Citroën brands.

The companies did not identify the specific project to be launched by the end of 2016. They confirmed their intent to save $2 billion annually through joint purchasing activities within five years.