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.
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