PROCUREMENT NEWS

Germany,United States : GM to share 4 vehicle projects with Peugeot

Published 25 Oct 2012

General Motors is saying more about the kind of cars it will build as part of its alliance with France\'s PSA Peugeot Citroen.

The companies said on Wednesday they\'ll develop a joint program that will make a small van for GM\'s Opel and Vauxhall brands and serve as the basis for a compact crossover vehicle for Peugeot.

They\'ll also develop a new, low-emissions small car and work together on mid-size cars and small vans under both companies\' brands.

The two companies inked an alliance earlier this year that included GM taking a 7 per cent stake in Peugeot. They said they would combine their purchasing and save US$2 billion a year by 2017.

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