Germany/France: Large cars project axed as Opel-Vauxhall & PSA revise alliance
By Glenn Brooks | 20 December 2012
General Motors and PSA Peugeot Citroen have announced revisions to their global alliance. The plan to co-develop European D segment vehicles is cancelled, while there will be new models in the B and C segments, new engines and possible co-operation in Latin America.
The firms have issued a joint statement which notes that "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".
There is no mention of the proposed pooling of resources to co-develop the successors to the Opel/Vauxhall Insignia, Peugeot 508, Citroën C5 and Citroën DS5. As recently as October, GM and PSA stated that a "joint programme for mid-sized cars" would be one of four co-developed architectures to be launched "by the end of 2016".
GM and PSA now say that they will be working on the following projects:
- A joint programme for an Opel/Vauxhall C-MPV (Zafira Tourer successor) and a C-CUV for the Peugeot brand (5008 successor)
- A joint MPV programme for the B-segment for both Groups (Meriva and C3 Picasso successors)
- The co-development of an upgraded low CO2 B-segment platform for Opel/Vauxhall and PSA's next generation of cars in Europe and other regions
No model names are mentioned but the first vehicles are to be launched in 2016.
Two other new initiatives have also been announced:
- Co-development of a next generation of small petrol engines derived from PSA's global EB petrol engine
- Exploration of product and industrial initiatives in Latin America or other growth markets.
As for the groups' proposed joint purchasing activities in Europe, this remains and is still subject to anti-trust approvals.
Author: Glenn Brooks
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
Original source: http://media.gm.com/media/intl/en/opel/news.detail.html/content/Pages/news/intl/en/2012/opel/12_20_peugot_citroen_gm_alliance.html
Sectors: Components, Emerging markets, Vehicle manufacturers, Vehicle manufacturing, Vehicle markets
Companies: PSA, Opel, Vauxhall, Peugeot, GM, Citroen
View next/previous articles
20 Dec 2012 -
Currently reading -
Germany/France: Large cars project axed as Opel-Vauxhall & PSA revise alliance
Related company research
PSA Peugeot Citroen S.A. - SWOT, Strategy and Corporate Finance Report
PSA Peugeot Citroen S.A. - SWOT, Strategy and Corporate Finance Report, is a source of comprehensive company data and information. The report covers the company’s structure, operation, SWOT analysis, product and service offerings, detailed financials...
PSA Peugeot Citroen : Automotive - Company Profile, SWOT & Financial Report
ICD Research's "PSA Peugeot Citroen : Automotive - Company Profile, SWOT & Financial Report" contains in depth information and data about the company and its operations. The profile contains a company overview, key facts,major products and services, ...
Fleet Lessor Profiler - Banque PSA Finance 2010
The European market for fleet leasing and management has witnessed continuous consolidation in recent years. Currently, Europe's largest leasing and fleet management companies account for more than half of all company cars and vans funded by operatio...
Related articles
Read further items in this columns
Brooks On OEM Product TrendsAnalyst Glenn Brooks looks at OEM new product developments in the context of company strategies and market trends
There are currently no comments on this article
Be the first to comment on this article