GM and PSA are reviewing their cooperation agreement
 

The GM Group announced that it was withdrawing from PSA capital, 7% of the shareholdings it owned have been sold to institutional investors. GM stated that this support for raising capital was no longer necessary since PSA is finalizing a capital increase.


This decision follows the announcement of a change in the agreement that lied between GM and PSA concerning future projects.


The projects that will be stopped : 1/ The future Opel Corsa will not use the segment B platform designed for the Peugeot 208 and Citroën C3, the Corsa will probably use the platform of a small Chevrolet. 2/ The future small gasoline engine manufactured by Opel will not share any manufactured parts with the equivalent PSA engine.


The projects that will be pursued: 1/ The successor to the Opel Zafira built on a PSA segment C platform will be produced in the PSA Sochaux plant (France). 2/ The successor the Citroën C3 Picasso and Opel Meriva built on a PSA segment B platform will be produced in the GM plant of Zaragoza (Spain). 3/ GM and PSA will work together on a future segment B small commercial vehicle (Citroën Berlingo, Peugeot Partner, Opel Combo) that will be produced in Viseu (Portugal).


GM and PSA insist on the more balanced nature of the terms of this new agreement that is no longer an equity partnership but focuses only on a technical collaboration between both groups.


13-49-2  

Contact us: info@inovev.com 

 

Inovev platforms  >
Not yet registered ?