GENERAL MOTORS, PEUGEOT TO CO-DEVELOP NEW CARS

Ever since PSA Peugeot Citroen established its new alliance with General Motors, things have been happening behind the scenes. The latest of these is that the two companies have confirmed that they are developing several products together, including some major products.

While not being specific, a joint statement did say that “major product development and purchasing agreements” were signed, and these would include powertrains. This can only be great news for both. PSA needs to significantly lower its purchasing costs in order to compete with the likes of Toyota and Volkswagen, while GM can learn a thing or two about the latest powertrain technology from the French.

Development will include an MPV for Opel and a CUV (cross utility vehicle) for Peugeot, both of which will be in the same segment as the likes of Zafira and 3008 respectively. An even smaller MPV for both groups is also on the cards. The cars will be differentiated as per each brand value and will first be seen on global roads from 2016.