General Motors and PSA Peugeot Citroen will start work on four vehicle projects, with the first cars arriving in late 2016.
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.