Today 09/23/2016 - 05:35:23 PM
Peugeot SA 13.525€
CAC 40 4,488.69 PTS
General Motors and PSA Peugeot Citroën are announcing today that as part of the existing alliance agreement, B-MPV’s from both companies will be built in the GM España plant in Zaragoza.
As previously announced, the Alliance is responsible for developing a next generation of B-segment MPV’s based on a PSA Peugeot Citroën platform. This program is one of the three projects which were agreed upon and signed by both partners in December 2012.
The Opel engineering team in Ruesselsheim will lead the engineering execution of the joint project. PSA Peugeot Citroën will supply powertrains for all applications. The first vehicles will come to market in late 2016.
The Alliance between PSA and GM is based on a balanced approach. The vehicles of both manufacturers will be highly differentiated and fully consistent with their respective brand characteristics.
More announcements on joint projects will follow at a later stage.