PSA Peugeot CitroŽn and General Motors Confirm Key Steps in Global
- Four common vehicle platform development projects
- Next steps in joint purchasing organization
- Synergy target of $2 billion annually confirmed
DETROIT/ PARIS/ RUSSELSHEIM Ė PSA Peugeot Citroen and General Motors
today confirmed important steps toward the execution of their Global
Strategic Alliance. Consistent with terms of the Master Agreement
signed Feb. 29, the Alliance partners have selected four vehicle
projects and confirmed the next steps in joint purchasing
Four Common Vehicle Platform Development Projects
The four common vehicle projects selected to move to the next step
encompass the following segment entries for both groups:
- A joint program for a compact-class Multi-Purpose Van for
Opel/Vauxhall and a compact-class Crossover Utility Vehicle for the
- A joint Multi-Purpose Vehicle program for the small car segment for
Opel/Vauxhall and the Citroen 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
- A joint program for mid-size cars for Opel/Vauxhall and the Peugeot
and Citroen brands.
The Alliance aims to launch the first vehicles on these common
programs by the end of 2016.
All four projects will be developed combining the best platform
architectures and technologies from the Alliance partners.
Next Steps in Joint Purchasing Organization
The Alliance partners also confirmed the next steps in their joint
purchasing organization. This collaborative effort will draw on the
combined purchasing reach of both companies to realize purchasing
synergies benefitting both companies. The joint purchasing
organization will be subject to customary antitrust approvals.
Based on the above programs and the joint purchasing organization,
both companies confirm the previously stated synergy target of $2
billion annually achievable within five years.
With the common vehicle development projects and next steps in
purchasing organization now confirmed, the teams will work to finalize
the associated definitive agreements in addition to exploring other