The partnership between General Motors and PSA Peugeot-Citroën isn't expected to produce any results until 2016, but it has created plenty of news (and speculation) since it was formed back in February. Now, GM is laying out some of the specifics of the deal while Automotive News Europe is reporting plans have been scrapped to produce a shared platform for a midsize sedan.

In "definitive agreements" between the two automakers, GM says that three new vehicle platforms are still on track; one of these will bring a new compact minivan to GM's Opel and Vauxhall brands and a compact crossover to Peugeot, and the other platform will be for B-segment minivans for both entities to share. ANE says that the proposed shared platform for the Opel Insignia and Citroën was canceled due to the lack of a sound business case.

In addition to cars, the joint venture will also be an opportunity for both automakers to develop "high-performance, efficient" gasoline engines and to create joint purchasing to allow both companies to potentially save money (this aspect of the agreement is still pending legal clearance from anti-trust approvals).

GM's official statement is posted after the jump.
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PSA Peugeot Citroën and General Motors Report Further Progress on their Global Strategic Alliance

2012-12-20
  • Major Product Development and Purchasing agreements signed
  • Expansion of scope to also include powertrain
  • Strengthening ties and cementing the Alliance

Detroit/Paris. PSA Peugeot Citroen (PSA) and General Motors (GM) today confirm the signature of major agreements in the execution of their Global Strategic Alliance. Consistent with the terms of the Master Agreement dated February 29, 2012, the Alliance partners have signed definitive agreements related to three of the initial vehicle projects as well as to the purchasing joint venture.

Three Common Vehicle Platform Development Projects

The first common vehicle projects selected encompass platform / architecture developments in the following segments:

1. A joint program for a C-MPV1 for Opel/Vauxhall and a C-CUV2 for the Peugeot brand
2. A joint MPV3 program for the B-segment for both Groups
3. The co-development of an upgraded low CO2 B-segment platform to feed Opel/Vauxhall and PSA's next generation of cars in Europe and other regions

Additional joint vehicle projects to further strengthen the Alliance are under review and in due course will be subject to future announcements.

The first vehicles resulting from this cooperation are expected to be launched in 2016. The Opel/Vauxhall, Peugeot and Citroen models will be highly differentiated and fully consistent with their respective brand characteristics.

Creation of Purchasing joint venture

The Alliance partners have signed a definitive agreement to create a joint purchasing organization in Europe supported by a purchasing joint venture. This new organization will draw on the combined purchasing reach of both companies to realize purchasing synergies. This is still subject to anti-trust approvals.

Further global initiatives

Based on the success of their collaboration, the partners also announce their intention for new additional global initiatives to broaden the scope of their Alliance and seize future opportunities:

Co-development of a next generation of high-performance, efficient small gas engines derived from PSA's global small petrol engine program (EB engine),
Exploration of product and industrial initiatives in Latin America or other growth markets.

1 Multi-purpose vehicle for the C segment
2 Crossover utility vehicle for the C segment
3 Multi-purpose vehicle


About General Motors

General Motors Co. (NYSE:GM, TSX: GMM) and its partners produce vehicles in 30 countries, and the company has leadership positions in the world's largest and fastest-growing automotive markets. GM's brands include Chevrolet and Cadillac, as well as Baojun, Buick, GMC, Holden, Isuzu, Daewoo, Jiefang, Opel, Vauxhall and Wuling. More information on the company and its subsidiaries, including OnStar, a global leader in vehicle safety, security and information services, can be found at http://www.gm.com.

About PSA Peugeot Citroën

With its two world-renowned brands, Peugeot and Citroën, PSA Peugeot Citroën sold 3.5 million vehicles worldwide in 2011, of which 42% outside Europe. The second largest carmaker in Europe, it generated revenue of €59.9 billion during the year. PSA Peugeot Citroën has sales operations in 160 countries. In 2011, it allocated more than €2 billion to research and development, in particular in the field of new automotive propulsion technologies. PSA Peugeot Citroën is also involved in financing activities (Banque PSA Finance), logistics (GEFCO) and automotive equipment (Faurecia).For more information, please visit www.psa-peugeot-citroen.com


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    • 1 Second Ago
  • 18 Comments
      mbukukanyau
      • 2 Years Ago
      I just wish Cadillac could take advantage of the Peugeot's Le Mans racing program
      Luis A. Martinez
      • 2 Years Ago
      Did they ever going to learn? They swallow and ruin Isuzu inUSA(was them who design all the diesel engine that they call Duramax,They did stole something from Lotus,swallow kill and stole the turbo know how to Saab,Toyota may build boring cars but never ever do what this people did plus they just watch and learn Why did Peugeot don't got more cooperation with them or even BMW
        • 2 Years Ago
        @Luis A. Martinez
        [blocked]
        Ronnie826
        • 2 Years Ago
        @Luis A. Martinez
        I lost faith in GM when they raped and pillaged Saab. My favorite brand.
          md_stew
          • 2 Years Ago
          @Ronnie826
          So it doesnt matter to you that the reason GM was able to aquire SAAB was because SAAB was a Niche Brand that had very few customers and was on the brink of death. What GM really did was prolong SAABs death! If you want to blame them for something, blame them for not introducing anything worthwhile in their ownership of SAAB. Why buy a company and not have a clue on what to do with it after you got it???
        • 2 Years Ago
        @Luis A. Martinez
        [blocked]
      mustsvt
      • 2 Years Ago
      This partnership has been a head scratcher from day one and reeks of old GM. Not to long ago GM paid billions to unwind an equally mismatched partnership with Fiat.
      • 2 Years Ago
      [blocked]
      • 2 Years Ago
      [blocked]
      Brodz
      • 2 Years Ago
      Two dull brands getting together to make dull minivans. Oh yey.
      • 2 Years Ago
      [blocked]
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