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GM,
Peugeot
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.
Continue reading GM, PSA scrap large car program, move forward with small engine development
GM, PSA scrap large car program, move forward with small engine development originally appeared on
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Official: GM, PSA scrap large car program, move forward with small engine development
