Currently reading: GM and Peugeot Citroën link up
Union will result in shared platform technology and parts purchasing savings
Autocar
News
1 min read
29 February 2012

General Motors and PSA Peugeot Citroen have announced the creation of a strategic alliance.

The agreement will lead to the sharing of vehicle platforms, components and modules and the creation of a global purchasing joint venture for the sourcing of commodities, components and other goods and services from suppliers.

The platform sharing plans will initially focus on small and midsize passenger cars, MPVs and crossovers. The companies will also consider developing a new common platform for low-emission vehicles. The first vehicle on a common platform is expected to launch by 2016.

Each company will continue to market and sell its vehicles independently and on a competitive basis.

As part of the agreement, GM plans to acquire a seven per cent equity stake in PSA Peugeot Citroën, making it the second largest shareholder behind the Peugeot Family Group. However, GM will have no say in the running of the company.

The shares bought by GM are part of a larger number being offered for sale by PSA Peugeot Citroën, as it seeks to raise around $1 billion to fund investments. The company's market value based on its current share price is $3.6 billion.

In addition, the alliance is exploring areas for further co-operation, such as integrated logistics and transportation.

GM and PSA Peugeot Citroën estimate the alliance will provide joint savings for the companies of $2 billion annually within five years.

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thebaldgit 2 March 2012

Re: GM and Peugeot Citroen link up

GM will have to deal with the problems of what this will do to its European arm, does it have a future and will this deal be any better than the Fiat shambles.

Citytiger 1 March 2012

Re: GM and Peugeot Citroen link up

artill wrote:

i am sure they can save a lot of money on the underskin components, but what i hope they really manage is to spend some money on a decent chassis or 2. the Corsa and maybe 208 could benefit from a better platform,

How do you know if the 208 could do with a better chassis, its not even been released yet, there have been lots of pictures and reviews of the car, most favourable, but as far as I am aware no one has driven it yet.

xxxx 1 March 2012

Re: GM and Peugeot Citroen link up

saaby wrote:

xxxx wrote:
GM kept Saab going for a bit longer when they hit rock bottom now they wasting money on another unpopular mainstream company

So sorry for PSA getting into bed with GM. Lets not overlook that GM serially turned down offers to purchase Saab but they were content to asset and IP strip the company until there was nothing left. Remember GM pre-Saab, no safety standards, no turbo tech, no interior ergnomics etc etc.

Expect to see them offload Vauxhall in the coming years as they have clearly lost interest, sad.

Saab were washed out before GM bailed them out, as to asset striping there was very little left. "no interior ergnomics" means nothing and I think they would have worked out "tubo tech".