Ten top-level executives have been named to a steering committee that will manage the new alliance between General Motors and PSA/Peugeot-Citroen. These include GM Vice Chairman Stephen Girsky, PSA CFO Jean-Baptiste de Chatillon, GM CFO Daniel Ammann and GM Europe President Karl-Friedrich Stracke.
PSA’s representatives in this committee also include programs chief Jean-Christophe Quemard and purchasing chief Yannick Bezard. In a statement last Thursday, the partners divulged that joint projects will be launched before the end of 2012. Last month, PSA and GM entered a deal to share vehicle platforms and jointly buy parts and materials.
They are doing this to boost the size and the scope of their ranges, post billions in savings on purchasing, and revive their European operations as the result of their alliance.
The automakers said that the job of the committee is to oversee activities that are presently part of the alliance and any exploration of other potential areas of cooperation. PSA said that the date for when the committee will first meet has yet to be scheduled. GM and PSA are partnering to start sharing platforms, development duties and costs for cars in the B (subcompact) and D (mid-sized) segments.
Under the agreement, GM and PSA will need to have four products within the first four years that they are either manufacturing or have plans to go into production within the next18 months. It’s likely that GM will benefit from PSA's assistance on hybrid technology and the development of smaller models. Meanwhile, the French automaker can capitalize on GM's prowess in SUVs as both manufacturers aim to recover their fortunes in the European markets. [source: Autonews]