Under the alliance between General Motors Co. and PSA/Peugeot-Citroen, they will co-develop four projects. In a statement, the companies enumerated the projects that they will share. The first is a joint program for a compact multipurpose van for Opel/Vauxhall and a compact SUV/crossover for the Peugeot brand.
Then there’s a joint multipurpose program for the small car segment for Opel and the Citroen brand. The third is an upgraded low CO2 small-car segment platform for Opel's and PSA's next generation of cars in Europe and other regions. The fourth is a joint program for mid-size cars for Opel and the Peugeot and Citroen brands.
According to the automakers, they are targeting the end of 2016 for when the first vehicles from these common programs will be launched. GM and PSA said that the four projects will be built, using the top platform architectures and technologies from these two companies.
In a statement, GM said that PSA and GM are presently testing the waters to see if their partnership may extend to other fields. The two companies will continue to form a joint purchasing organization that aims to achieve annual savings of $2 billion within the next five years.