The collaboration between General Motors and PSA Peugeot Citroen is getting stronger as the two parties have officially revealed that they plan on co-developing four vehicle projects, with the first cars scheduled to come out by the end of 2016.
There will be a joint program for creating a compact multipurpose van for Opel and Vauxhall, as well as a compact SUV / crossover for Peugeot. The second program involves developing a small car for Opel and Citroen. The third project consists of working on a new platform for next-gen Opel and PSA small cars with reduced CO2 emissions that will be sold in Europe and other areas. The fourth program concerns developing mid-size cars for Opel, Peugeot and Citroen.
Within the next five years the automakers plan on achieving $2 billion annual savings thanks to this collaboration.